Released: March 11, 2012

Student loans seen as potential ‘next debt bomb’ for U.S. economy

Source: Eric Pianin, The Washington Post

Bankruptcy lawyers have a frightening message for America: They’re seeing the telltale signs of a student loan debt bubble that is placing increased financial pressure on families struggling with their children’s mounting debt. According to a recent survey by the National Association of Consumer Bankruptcy Attorneys, more than 80 percent of bankruptcy lawyers have seen a substantial increase in the number of clients seeking relief from student loans in recent years.

Read Full Article: Student loans seen as potential ‘next debt bomb’ for U.S. economy