As tuition costs continue to rise and students take on more debt, some policy experts say another taxpayer bailout of a teetering government-subsidized program -- the massive student loan industry -- is all but certain.
The numbers are startling: there is $1.11 trillion in student loans outstanding and $121 billion of them are 90-plus days delinquent or in default. Making matters worse, college costs are rising and incomes, particularly for college grads in industries other than technology and finance, are falling.
Read Full Article »