“Fiscal watchdog Truth in Accounting points out that not only does the federal government consider student loans to be assets of $1 trillion, but they are also the fastest growing asset for Uncle Sam. … 'The government shows student loans as assets on the balance sheet because they expect students to repay their debts in full,'writes Katie Kentfield. … TIA’s State Data Lab shows that student loan delinquencies are frequently in the teens, with borrowers in Mississippi (16.8 percent), West Virginia (16.4 percent), and Kentucky (15.4 percent) 'leading' the way.”
Read the full article on: The American Spectator