Will the Next Financial Crisis Be Centered Around Student Loans?

The 2008 financial crisis still lingers in many people’s minds, and there are some who wonder when the next crisis will strike. But rather than banks, will it instead be based around student loans?

Well, some believe that’s the case.

These days, there are unprecedented levels of student loans–higher than has ever been seen before. In fact, there is approximately $1.4 trillion in student loan debt in the U.S. currently. They’re the second largest category of household debt, following right behind home loans.

Many students take out loans without necessarily understanding the associated risks. And unfortunately, many who take out student loans don’t pay them off until they’re in their 40s.

Image via Money Under 30.