Why The Student Loan Bubble Is Much Worse Than It Looks

Business Insider - Larry Doyle, Sense on Cents
Sep. 6, 2012, 7:42 AM

America is increasingly aware that the student loan bubble is a major problem for millions of students, families, and our nation as a whole. While far too many politicians from both sides of the aisle talk in platitudes about the need for education, few if any of these politicians are willing to pull back the cover and expose the ugly reality embedded in current data on the student loan bubble.

Yes, America knows that total student debt now exceeds all other forms of consumer debt. We also know that total student debt is now approaching $1 trillion dollars. I personally believe that the cost of education at public and private colleges and universities has to adjust downward but that reality does not appear imminent.
Read more: http://www.senseoncents.com/2012/09/student-loan-bubble-the-hidden-reality/#ixzz25oT0KHRP

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