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?