Student Loan - Loans and Debt Consolidation

Sound familiar? Like the mortgage default crisis that plunged the U.S. economy into recession in the first place, student loan debt is a balloon thats ready to pop.

Half a million people, students and graduates, expected to default, partially because tuitions have gotten so high, but also because private loans are displacing government loans at a rapid rate.

By 2012, student debt is likely to approach a trillion dollars.

Professor Estella Bensimon at USCs Center for Urban Education says when students like Rice demonstrate against Wall Street, maybe they have a point.