Student Loan Debt: Crisis or Overblown Hype?

Bubbles date back centuries, with the first on record occurring in 1634 in Holland, where the tulip market collapsed, leading to major losses from hundreds of speculators. Over the course of history, bubbles have popped and swallowed major economies, just as the real estate collapse of the mid-2000s did to the U.S. economy.

Of the 241 million people in the United States who have a credit report with Equifax, approximately 15.4% -- or 37 million -- hold outstanding student loan debt.


By Adrian Nazari