Looming Student Loan Debt Bomb

Posted on March 12, 2012 at 12:18pm by

According to the president of the National Association of Consumer Bankruptcy Attorneys (NACBA), student loan debt could turn into another economic crisis. “This could very well be the next debt bomb for the U.S. economy,” Brewer said in a press release recently.

In a recent survey, 81% of responding lawyers reported an increase in the number of potential clients with student loan debt. 48% reported the increase was “significant”.

The Washington Post has more on the story.