Thread: How US student loans could cause the next share market crash

how many years was it between when they started to package up the housing loans and the unravelling ?

and the aust business prof should be looking closer to home at the aust home loan market

Wonder how this will play out with Britain's ginormerous student debt lake of piss?

Tories plot to slash student loan rates in attempt to court young voters






Theresa May is looking at cutting 
interest rates on student loans and strong-arming universities into lowering tuition fees in an effort to win back young voters. Credit: PA

• Ben Riley-Smith, Assistant Political Editor

9 September 2017 • 10:00pm Theresa May is looking at cutting 
interest rates on student loans and strong-arming universities into lowering tuition fees in an effort to win back young voters.
Announcements could come within weeks as the Tories try to broaden their appeal at next month’s party conference and the autumn Budget.
Young voters abandoned the Conservatives in their droves at the June general election, after Jeremy Corbyn promised to scrap tuition fees.
One plan being considered is to change the formula through which many graduates pay interest rates of more than 6 per cent – about double the rate of inflation.

Tories plot to slash student loan rates in attempt to court young voters

Tuition fee repayment earnings threshold to rise to £25,000

Theresa May announced change, along with a freeze in fee levels and review of student funding, at Tory party conference










Sunday 1 October 2017 11.29 BST Last modified on Monday 2 October 2017 09.38 BST

Low-earning graduates will benefit from a delay in their student loan repayments under a Conservative scheme designed to defuse the political damage over tuition fees and attempt to woo younger voters.
Speaking at the start of the Conservative party conference in Manchester, Theresa May announced plans to raise the income level that triggers student loan repayments for recent graduates in England from £21,000 to £25,000 a year.
The change is likely to apply only to those graduates who took out the higher rate of student loans introduced in 2012, which perversely means that earlier graduates will have higher loan repayments even if they are on the same income level as later graduates with much higher debts.






The government is also to freeze undergraduate tuition fees at £9,250 a year in England, and May announced a review of student funding to look at long-term issues, such as a return to maintenance grants and varying tuition fees for courses.

https://www.theguardian.com/educatio...-rise-to-25000

And the Beeb were talking this afternoon about the burden of Chinese consumer credit becoming too much.

Yep, it's almost as if they are willing it to happen - any disaster will do as long as it stops Brexit and brings down Trump and gets more "refugees" angst whipped up - they really do have a disturbing and distorted set of priorities when there are real problems in the world, out of control they are, and operating way outside and beyond their Charter's remit... it's taken 100 years to destroy the BBC, what a legacy.
Still, house prices, eh?!

Originally Posted by David48atTD

There's a thriving over-the-counter derivatives market worth $US500 trillion globally and now it wants to suck up these student loans
and make them tradeable securities.

Dr Jones said investment bankers on Wall Street are once again "cutting and dicing up these loans into collateralised loan obligations",

the market for which has been dubbed the "student loan asset back security market" and is currently about $200 billion.

Creepy, but not surprised.

It never ends.....

Originally Posted by CaptainNemo

Yep, it's almost as if they are willing it to happen - any disaster will do as long as it stops Brexit and brings down Trump and gets more "refugees" angst whipped up - they really do have a disturbing and distorted set of priorities when there are real problems in the world, out of control they are, and operating way outside and beyond their Charter's remit... it's taken 100 years to destroy the BBC, what a legacy.
Still, house prices, eh?!

Or they're just reporting.

Fresh fears China's debt bubble could burst


http://www.telegraph.co.uk/business/2017/08/05/fresh-fears-chinas-debt-bubble-could-burst/