The Looming Student Loan Bubble
For the first time, in 2010 student loan debt exceeded 100 billion dollars. Student loan debt now exceeds credit card debt. Students are taking on massive debt, and then are unable to procure well-paying jobs to pay it off. Economists predict that this burden will be a drag on consumer spending and the economy for years (let alone what it suggests about the lives of the students and parents who have taken on the debt), while students organize to demand loan forgiveness. Here is the article.