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Student Loan Debt Crisis Will Dwarf The Mortgage Crisis

In 2010, the New York Times ran a story about an Austrian guy who broke off his engagement with his American fiancee because of her $170,000 student loan debt. Americans expressed their "OMG! That's horrible!" on social media. Americans then shrugged their shoulders and went back to watching American Idol or Dancing With The Stars.

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Since 2010, student loan debt has reached $1.5 Trillion. This growing debt is second only to mortgage debt in the U.S. This is bigger than the debt the nation of Colombia owes the IMF.

Last night's installment of Last Week Tonight With John Oliver highlighted the sleazy practices that private colleges and universities are using bury students into lifetime debt. Student lenders are using the same sleazy tactics that mortgage lenders used to create an artificial housing boom. However, Student Loan Providers have taken the level of sleaze to astronomical proportions. As our friends at Gawker have pointed out:


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Check us out on Facebook at Fight Student Loan Debt

Or Check Us Out on The Web at Student Loan Debt Collection Defense

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