Summary: The Student Debt Crisis

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This book discusses the student debt crisis which is expected to simulate the roll of the real estate bubble experienced in the United States in 2007. Student debt is anticipated to duplicate to $2 trillion in the next four years, making the total amount of student debt owed in the United States to $2 trillion. Once again, the crux of the issue is that post-secondary education continues to increase to the point where it is not affordable or as the author argues, college costs is increasing faster than the costs of living; however, unlike mortgages and home loans, student loans cannot be discharged through bankruptcy. As such, government uses student loans as an asset and eventually, tax payers will have to intervene and assist in bailing out

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