Pop Quiz! Without recourse to your text, your notes or a Google search, what line item is the largest asset on Uncle Sam's balance sheet?
U.S. Official Reserve Assets
The correct answer, as of the latest quarterly data, is ... Student Loans.
The rapid growth in student debt has been an ongoing topic in the financial press. One stunning chart that continues to haunt me illustrates the rapid growth in federal loans to students since the onset of the great recession. Here is a chart based on data from the Financial Accounts Table L.105, which shows