Spiraling, out-of-control student loan debt is the next great financial crisis looming in this country. This article is further evidence of that. It's a ticking time bomb that is going to explode in the not-too-distant future if left unchecked. All the more reason families need to start planning for college in advance and not just bury their heads in the sand and hope everything will just work out on it's own. Here's a news flash, it won't.
Check out this article to see further evidence of this: