Just Google the words student loan debt crisis and the fourteen-million hits will convince you that this is a hot topic. Indeed, a number of pundits are predicting what would basically amount to Subprime II (see for example Next "Subprime Crisis" Expands As Student Loan Defaults Hit $146 Billion, Highest [...]
Student debt is a form of debt that is owed by an attending, withdrawn, or graduated student to a lending institution. The lending is often of a student loan, but debts may be owed to the school if the student has dropped classes and withdrawn from the school.
The higher education bubble in the United States is a claim that excessive investment in higher education could have negative repercussions in the broader economy. . According to the claim – generally associated with fiscal conservatives – while college tuition payments are rising, the supply of college graduates in many fields of study is ...
Comment by Shannon Ann - June 17, 2012 at 6:34 pm . Shannon Ann, Propublica is running a story about a young man who died on his way back from a job interview. His father is now being pursued for his massive student loan debt.