“If present trends continue, over the next ten years almost $500 billion of Title IV loans will have been funneled to this industry. We estimate total defaults of $275 billion, and because of fees associated with defaults, for profit students will owe $3

Created by gwern on 2010-08-17; known on 2021-02-01

• gwern estimated 65% on 2010-08-17
• gwern said “http://rghost.net/download/1730024/bf87072c8c998af4d97f8036d710534676fc15d1/Steve-Eisman-Ira-Sohn-Presentation-2010.pdf” on 2010-08-17
• gwern said “linked here http://www.marketfolly.com/2010/05/steve-eisman-frontpoint-partners-ira.html” on 2010-08-17
• gwern said “Note that I interpret this as making 3 predictions, and is only right if all 3 are right.” on 2010-08-17