Kelly Norman is an independent researcher, a graduate student in Public Administration, and works for Admissions at Evergreen State College.
Articles by this author
Tuesday, January 11, 2011
A Primer on the The Student Loan Debt Bubble
It was announced last summer that total student loan debt, at $830 billion, now exceeds total US credit card debt, itself bloated to the bubble level of $827 billion. And student loan debt is growing at the rate of $90 billion a year. There are far fewer students than there are credit card holders. Could there be a student debt bubble at a time when college graduates’ jobs and earnings prospects are as gloomy as they have been at any time since the Great Depression?