Moody’s Sounds the Alarm on Student Borrowing

This is a looming slow motion train wreck:

Moody’s Sounds the Alarm on Student Borrowing - Reason Magazine: "A growing chorus of economists and educators think that the higher education industry will be America's next bubble. Easy credit, high tuition, and poor job prospects have resulted in growing delinquency and default rates on nearly $1 trillion worth of private and federally subsidized loans."