Well it was higher.
Now we think its default.
And our defaults have to allow for all the defaulted (retards).
Hence all the defaulted loans.
The parallel between the housing crash, and the student loan crisis is 1:1
They just wrote loans to whoever asked for one.
Then the stripper turned out to not be able to pay it back.
And the schools didnt want to kick out the stripper so they dumbed down the syllabus.
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