Hacker News Reader

> It isn't going to be as bad as the housing market crash

then do you think that there will be a crash in this area, and if so, how bad do you think it will be?

i imagine it wouldn't sneak up on us like the housing crash because of the nature of the loans, but that it could lead to a longer, lingering problem kicked off by the housing crash.

View on HN

It might not be as bad as the housing market crash but keep in mind that more people will be going to college in the future and take out student loans. I think higher education loans will grow at a staggering rate which will ultimately crash. If it crashed on its own, it wouldn't be devastating. If it happened right after the housing market crash, it could destroy our economy.

IMO it will be far less devastating, because it will be biased towards a higher earning, lower unemployment group of people (see statistics elsewhere in this thread).

Reply on news.ycombinator.com