HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): $270 Billion In Student Loans Are At Least 30 Days Delinquent.

UPDATE: Reader Jim Mullis writes:

The parallels between this and the housing crisis 4 years ago are too significant to ignore. Consider this thought experiment. The Student Loan Bubble comes to a crisis point, with or without a Black Swan Event. This happens just before the November election, making it a really big October Surprise. Which political party is better positioned to capitalize on this crisis? Which political Party can count on the narrative being shaped to its liking by major media? If promises of major government “help” or loan forgiveness are made by this political party, how do you suppose those several million student borrowers and their families are likely to vote?

And to take this a bit further, how likely is there to be a groundswell of support for “free” higher education as a result of all this? Any politician who opposes the above does so at his own risk.

Hmm.