Economy  
comments_image Comments

Wall Street-Inflated Student Debt Bubble Hits $1 Trillion; Debtors Rally for Relief

The collective weight of American student debt is a drag not just on those paying the debt, but on our entire economy.

Continued from previous page

 
 
 

After all, they don't have a lot of choice—employment prospects remain grim, the economy remains stagnant, and tuition keeps going up—as does the involuntary default rate. “It is the next big bubble, and when it pops, they might try to blame students as the ones who're killing the economy,,” Jeje said.  “We're not killing the economy, you're killing us.”

 

Sarah Jaffe is an associate editor at AlterNet, a rabblerouser and frequent Twitterer. You can follow her at @seasonothebitch.

  • submit to reddit
Share
Liked this article?  Join our email list
Stay up to date with the latest headlines via email
  • submit to reddit

Enviro Newswire

Enviro Newswire
presented by
 

blog advertising is good for you.