Relevant:
- The sound of rumbling from the student debt bubble -- Jump in consumer credit last month came mostly from student debt growth. For two decades student debt expanded at a rate above 17 percent per year.
- A costly lesson in student debt for young Americans -- 34 percent of all student debt saddled to those under the age of 30
- Number of aging Americans paying student loans soars
- Student debt crisis enters a tipping point -- Delinquent student debt now reaching record levels as defaults spike. Paying more and earning less.
- Private Student Loans: The Subprime Mortgages of the College WorldÂ
2012-03-12 — washingtonpost.com
"Bankruptcy lawyers have a frightening message for America: They're seeing the telltale signs of a student loan debt bubble that is placing increased financial pressure on families struggling with their children's mounting debt. According to a recent survey by the National Association of Consumer Bankruptcy Attorneys, more than 80 percent of bankruptcy lawyers have seen a substantial increase in the number of clients seeking relief from student loans in recent years."
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