$1.2 trillion in student debt is outstanding and many college graduates working in jobs that don’t require their degree - My Budget 360

There are no signs or hints that the student debt bubble is likely to slow down in formation. To the contrary total student debt has been on a mission upwards in the last decade or so. When you saddle a nation of young people with mountains of debt don’t be surprised when first time home buying reverses or discretionary spending slows down. That seems to be another problem for another day in debt world. Student loan debt used to be a smaller part of non-housing related debt. Today it is now the largest consumer debt being held outside of mortgages. http://www.mybudget360.com/student-debt-total-amount-growth-rate-college-debt-loans-albatross/