Is Student Loan Debt The Next Financial Crisis? | Stock Market ...

There?s no doubt that we?re all still a little sensitive when it comes to the economy. Although it?s been nearly four years since the start of, what we now call, The Great Recession, the world still hasn?t let down its guard. The new warning making its way through the financial media is the rising student loan burden. Some believe that this could bring down the economy in much the same way as the 2008 and 2009 mortgage crisis, but is that true?

Background
For generations, young people have heard that the only path to success is through a college education. College remains the accepted path for 68.1% of high school graduates, according to the Bureau of Labor Statistics.

For most students today, student loans are the way to pay the expenses of a higher education. The average student loan debt for a college student in 2010 was $25,250, up 5%

Read More from the Article Source: http://finance.yahoo.com/news/student-loan-debt-next-financial-181013647.html

Source: http://www.rocketnews.com/2012/02/is-student-loan-debt-the-next-financial-crisis/

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