S&P weighs in on student loan debt - noting that students face increasing difficulty in a...

|By:, SA News Editor

S&P weighs in on student loan debt - noting that students face increasing difficulty in a tough economy to make repayments on the $1T in federal and private loans they owe. The ratings agency sees more defaults of student loan asset-backed securities and doesn't pull any punches on the outlook for the sector: "Student-loan debt has ballooned and may turn into a bubble."