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Guest Opinion: Student Debt Poised to Be Next Debacle

Student loans are poised to become the next big consumer debt debacle. Total outstanding student loan debt is expected to top $1 trillion this year, more than double the amount owed just five years ago. That would push it well above the amount of credit card debt outstanding, which totaled...

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Student loans are poised to become the next big consumer debt debacle. Total outstanding student loan debt is expected to top $1 trillion this year, more than double the amount owed just five years ago. That would push it well above the amount of credit card debt outstanding, which totaled less than $800 billion last November and is down nearly 17% since peaking in 2008, according to the Federal Reserve.

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Tonya Knudesn

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