STUDENT DEBT IN THE U.S. (PART 1) (PART 2) (PART 3) onlinecolleges.net This is our third entry in a three-article series about student debt in the United States; our first entry tacked the causes of rising student debt, while the second part looked at the historical connection between tuition and debt.
Experts continue to debate whether student debt in the U.S. will lead to an economic bubble; one which, when it bursts, will mean dire consequences for the whole economy. As tuition rises, students are simply borrowing more and more; many financial experts worry graduates won’t be able to keep up. Most income levels don’t leave graduates prepared to handle large amounts of debt; when students make their monthly loan payments, they end up with less to spend on cars, houses and other consumer goods. So could paying off student debt cause the economy to plummet? Let’s explore the debt situation today and examine the potential for such a disaster…..