With more than $1.2 trillion in collective student debt, Americans are more indebted than ever before and banks are beginning to realize that future generations of students will be unable to repay their loans. One by one, banks across the U.S. have been scaling back or canceling their student loan programs. JPMorgan Chase followed U.S. Bank this
Is The Student Loan Bubble About To Burst?
In a move eerily reminiscent of the lead-up to 2007’s subprime mortgage crisis, big banks are shutting down their student loan programs.