Mises Wire

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Jeff Deist

Student loans may be a liability on the consumer balance sheet, but they constitute an asset for Uncle Sam. Just how big? It's 45.3 percent of the total federal assets, up from 37.2 percent at the end of 2012. This is about 7 times larger than the 6.4 percent for the Total Mortgages outstanding and 4.8 times the size of Taxes Receivable.