April 6th, 2012

old books

The Next Bubble: Student Loan Debt

Surging above $1 trillion, U.S. student loan debt has surpassed credit card and auto-loan debt. This debt explosion jeopardizes the fragile recovery, increases the burden on taxpayers and possibly sets the stage for a new economic crisis.

SOURCE
http://www.oregonlive.com/business/index.ssf/2012/04/nations_student_loan_debts_thr.html

The Democratic minority on the House Education Committee and Workforce Committee released new figures showing that more than seven million students will incur an additional $6.3 billion in repayment costs for the 2012-2013 school year if student loan interest rates double on July 1.