American student loan debt grew 511% between 1999 and 2011. It now totals over $1 trillion, a collective finanical burden that rises well above auto loan and credit card debt, (which total around $783 and $679 billion, respectively.)
Is student loan debt smart? And more to the point, how is this model sustainable? Student loan expert Anya Kamenetz says no. The student loan crisis is a bubble with an inevitable pop—but nobody seems to know what exactly the pop will look like.