The Wall Street Journal posted an interesting article yesterday about how the soaring student debt has prompted lobbying from numerous private sectors. The concern is not surprising: student debt has tripled over the last ten years to more than $1.3 trillion. For some perspective, the federal government’s loan portfolio (topping $1 trillion) “is big enough to rival the holdings of some banks.” Lobbyists have been sent from a diverse number industries (real estate, agriculture, etc.) to push for legislation that will “forgive or at least reduce what workers and consumers owe on their student loans.”
To read the entire Wall Street Journal article, you can read it here.