Back in the late '90s we had the dot-com bubble. Later came the housing bubble. Now another bubble is about to burst: the college-debt bubble.
For all of you families out there who are in or about to enter the college admissions process, it's time to take a hard look at the realities of college costs and create a firm plan for dealing with them. The availability of college loans has become another quicksand swamp for thousands of Americans. The stories told by recent college graduates are harrowing. Today's post will cite some sobering information from real-life sources who are mired in that swamp.