In response to:

Student Loan Debt has Tripled in Last 8 Years

rsandersjr Wrote: Mar 01, 2013 9:35 AM
So student loan debt has tripled, nice to see they can keep up with the government. When the college loan bubble bursts maybe the government will step in and claim it "too big to fail" and bail them out. What are colleges going to do, foreclose on the student degrees?

Well, if you have a child going to college any time soon expect some major debt. Now we often hear that college loan debt is getting worse and that costs are skyrocketing, but now we have a new study proving it. According to a new report from the New York Federal Reserve, total student loan debt has tripled over the last 8 years.

The report finds a correlation between student debt and future issues with borrowing in other borrowing situations in life. For instance, the percentage of people who are buying homes and have student loan debt has fallen...