Why we need to sort out the UK's student loan mess

CONTRARIAN

The financial shenanigans of the past few years have put us on our guard.

We now spend a disproportionate amount of our time worrying about the next big, dangerous ‘fat tail’ risks ie those extreme events that no-one can reasonably hope to spot in advance. These could blow us off course and plunge us into a financial maelstrom. Student loans are the next biggie beginning to appear on many investors’ risk maps. The risk of systemic problems connected to student debt is already well known in the US where all manner of financial media have been bashing the big red panic button – perhaps the most articulate explanation of the market can be found in Barron’s (ht...