Since 1980 the cost of college tuition has tripled while the average income has remained basically the same. As a result families have struggled to send their kids to college at a time when a college education has become more critical than ever to even just being able to survive in the job market.
The result has been an explosion in student loan debt, and it’s starting to wreak havoc on the economy. Many experts are warning that this is an economic bubble that is going to burst, much like the housing bubble.
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