The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content


(Tom Schmucker/iStockphoto)

SEAN SILCOFF

D is for debt: U.S. student lending could give growth a failing grade

ROB Insight is a premium commentary product offering rapid analysis of business and economic news, corporate strategy and policy, published throughout the business day. Visit the ROB Insight homepage for analysis available only to subscribers.

Take a U.S. federal government pushing citizens to pursue a social objective, add easy credit conditions, a dramatic build-up in debt, steadily rising prices and a spike in delinquencies. We’re talking the U.S. subprime housing meltdown from 2007-08, right? Yes – but the same conditions are at play again, right now – only this time in U.S. student loans.