While Kevin Carey and I may be worried about the economic, educational, and quality of life consequences of the rapid growth in student loan debt, it’s good to know that others are a little more optimistic – though maybe not for the reasons we’d like. In a recent article on the future of Sallie Mae in Seeking Alpha, an online stock market news and analysis site, one analyst is pretty upbeat about the student loan industry, saying:
Overall, student loan debt remains a growth business. This year, student loan debt surpassed credit card debt for the first time. As costs continue to rise and students and parents continue to look for payment solutions, SLM shareholders will be rewarded.