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After the housing crisis in 2008, you have to ask yourselves ‘Is Student Debt Our Next Bubble?’ Student debt used to be considered “good debt” because it was for a good cause, but now the amount that students have to borrow is getting out of control.
Almost every state has a substantial number of college graduates in debt, especially in the northeast. The total number of students borrowing money is calculated to be around 37 million people. Some graduate with over $30,000 in debt and as interest builds, it could grow to even more.
The worst part about student loans is that it really can begin to run one’s life. People end up still paying off loans even when they’ve entered their forties.