Capitalism Consumerism Consumption Debt Economics

Here Comes the Next Bubble: Student Loan Debt

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.

Shareable: The Unclear Future of Student Loan Debt.

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