Millions of American families struggle to cope with college costs that are rising at twice the rate of inflation. Student debt is nearing 1 trillion dollars. The USA nation’s student loan debt and student loan defaults are going rapidly, a system that encourages widespread borrowing—often with little regard to a student’s ability to pay—leaving the average college graduate with tens of thousands of dollars in student-loan debt.
How long can the system be sustained? Are student loans the next subprime mortgages? And if the bubble bursts, who will pay the price?