Report: College Debt Bubble Is Collapsing Now; 33% Of All Student Loans Are Delinquent

With all of that job creation being claimed by the Obama administration and disseminated by mainstream media outlets as signs of a sustained recovery you’d think most college graduates would have no trouble keeping up with their bills.

But new data released by the Department of Education tell a different story.
According to the report as many as 33% of American college grads with student loan debt are now in delinquent status on their repayments.

About one-third of borrowers with federal student loans owned by the U.S. Department of Education are late on their payments, according to new federal data.

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