Student loan debt has topped one trillion US dollars and is securitized

Evidence

In the United States, student loan debt has topped $1 trillion, and, as with the sub-prime mortgage market, these loans are broken apart, rebundled and securitized, their spectral presence haunting the global financial architecture, casting its shadow over perhaps the majority of investment portfolios. — Max Haiven, Cultures of Financialization, 72

Categorization

• SEED: A student-debt-as-spectral-presence angle: the trillion-dollar figure made legible only through the securitization that dissolves individual borrowers into the global architecture.
• SHARE: Good for someone interested in student debt or securitization mechanics.