Without the DOE, who is going to take over the student loans? Are these loans going to be privatized?
There is 1.77 trillion dollars of student debt guarantee by the US government wich give this debt a high rating classification in risk, if banks are stupid enough to again bundle this debt in CDOs along with corporate debt and more risk credit car debt and car debt.

What would happen if millions of students stop paying their debt and this debt is not backed by the government anymore?
There is 1.77 trillion dollars of student debt guarantee by the US government wich give this debt a high rating classification in risk, if banks are stupid enough to again bundle this debt in CDOs along with corporate debt and more risk credit car debt and car debt.

What would happen if millions of students stop paying their debt and this debt is not backed by the government anymore?