The student debt explosion in one graph

crazy student loans 2011-q2

The Atlantic magazine looks at the explosion of student debt over the last dozen years or so.

Such growth is unsustainable, it says, and adds:

All that money flowing into colleges and universities is being funneled away from other industries where it would have been spent in future years. Of course, this would be a rather unfortunate irony: higher education is supposed to enhance a nation’s growth, but with such an enormous debt burden, graduates might not be able to spend and invest enough to allow that growth to occur.

Read the full story here.