The student loan problem will be here for years to come. I know students with over $200K in student loans for a veterinary degree. Pay starting out is around $60K a year and doesn't rise much for a while. No way that students can repay this amount. They can use income based repayment which is currently 15% of adjusted gross income in excess of the poverty level (supposed to reduce to 10%) and under the new rules the loan will discharge after 20 years of payments. Now, here's the kicker: In 20 years, when discharged, the student has "discharge of indebtedness income" unless that person is working in a federal job that forgives without taxation. So, all of the students with big loans are not buying houses, furniture etc and are looking at bankruptcy from the tax hit 20 years down the road.......and the student loans and taxes thereon are not dischargeable in bankruptcy. So, expect little or no stimulus from those graduating with sizeable loans for a long time.
there's the delinquentcies, and then there's the over $1 trillion of student loan debt outstanding. but the sad thing, is that there's no where to go once you've graduated. obama's commie idea of everyone going to california to work in environmentally friendly solar panel factories, hasn't materialized yet, per se.