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Dental school debt is riding a much bigger and part of the national student loans crisis wave, with 12 million+ borrowers currently behind on their payments.
Meanwhile, the system needs more borrowers than ever during the current pandemic, which is expected to last through next year. The international students revenues are down, so the schools have to make up their bottom line losses from US students. Yes, the government is still issuing blank checks to all students to go to any school - no matter the cost.
The current high unemployment rate is expected to remain elevated through 2022 - meaning more future student loan defaults.
Future Pre-Dents, beware.
Meanwhile, the system needs more borrowers than ever during the current pandemic, which is expected to last through next year. The international students revenues are down, so the schools have to make up their bottom line losses from US students. Yes, the government is still issuing blank checks to all students to go to any school - no matter the cost.
The current high unemployment rate is expected to remain elevated through 2022 - meaning more future student loan defaults.
Future Pre-Dents, beware.
They were struggling to repay their student loans before the pandemic. Now it'll get worse
Before the coronavirus pandemic paralyzed the economy and left millions of Americans unemployed, there was a student loan crisis. Now, things are expected to get much worse.
www.cnbc.com