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Old 12-01-2012, 05:46 PM
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Washington Proposes $1 Trillion Bailout for Delinquent Student Loans

America’s now-nationalized student loan industry just reached a value of $1 trillion, according to Citigroup, growing at a 20 percent-per-year pace. Since President Obama nationalized the industry (a tacked-on provision of the Obamacare bill), tuition has gone up 25 percent and the three-year default rate is at a record 13.4 percent.
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