On a related note, student loans akin to the subprime mortgage
crisis are an increasing danger to beware of, whether in the USA or
in Singapore.
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Kelli Space, 23, graduated from Northeastern University in 2009
with a bachelor's in sociology — and a whopping US$200,000 in
student loan debt. Her debt obligation, which is $891 a
month, jumps to $1,600 a month next November due to
compound interests. She is determined to pay off her
debt somehow and regrets the path she took to get her
degree: "Everyone from Barack Obama to Bill Gates keeps pushing a
college education as the way to secure one's economic future. That
is a view that should be heavily qualified."
Read full article :
http://finance.yahoo.com/college-education/article/111460/is-the-college-debt-bubble-ready-to-explode