This should end well. The dam is eventually going to burst.

Breitbart reports.

Student Loan Bubble Update: Some 40 Percent Of Borrowers Aren’t Making Payments

Screwing around with loan markets to create huge bubbles, then blaming everything on what remains of the free market when they burst, has been a major socialist pastime since long before subprime mortgage perpetrator Barack Obama reached the Senate.

He’s been doing all that he can to recreate the mortgage bubble, the auto loan bubble is beginning to look ominous, and the student loan bubble may soon burst with a deafening $200 billion pop.

The Wall Street Journal reported on Wednesday that more than 40 percent of student-loan borrowers aren’t making payments:

While most have since left school and joined the workforce, 43% of the roughly 22 million Americans with federal student loans weren’t making payments as of Jan. 1, according to a quarterly snapshot of the Education Department’s $1.2 trillion student-loan portfolio.

About 1 in 6 borrowers, or 3.6 million, were in default on $56 billion in student debt, meaning they had gone at least a year without making a payment. Three million more owing roughly $66 billion were at least a month behind.

Meantime, another three million owing almost $110 billion were in “forbearance” or “deferment,” meaning they had received permission to temporarily halt payments due to a financial emergency, such as unemployment. The figures exclude borrowers still in school and those with government-guaranteed private loans.