"Hear that sound? It's the collective freakout of students across the nation as it comes time for them to finally pay up on those student loans. But while student loan debt is a big issue, at over $1 trillion total, experts are telling everyone to take a deep breath and calm down, because it's really not that bad.
Please, convince us, as we stare into the bottomless abyss of sending away chunks of change to various lenders every year for the rest of our lives! CNNMoney talked to a few smartypants people who say student debt won't hit our economy as hard as say, the mortgage crisis. This, in contrast to other experts who warned that student loan debt is a ticking time bomb. ..." Is The So-Called Student Loan Crisis One Big Exaggeration? - The Consumerist
"Total student loan debt has topped $1 trillion ... but there's no need to panic.
Most borrowers have a reasonable amount of debt, and the total balance is not likely to cause major damage to the economy like the mortgage crisis did, experts say.
'I don't think it's a bubble,' said Mark Kantrowitz, publisher of Finaid.org, a financial aid website. 'Most students who graduate college are able to repay their loans.' ..." Debunking the student loans crisis - Mar. 30, 2012