Student Loans - Why we should be worried

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OK, why we should not be worried - Dennis Cauchon's article which, as Felix Salmon points out, is wrong.  If you don't feel like clicking, we do *not* have $1T in loans outstanding.  However, as the chart shows, the amount of debt (at around $550B) is rising steadily, and despite the drop in credit-card debt (and other debt as America de-leverages), has shown no dip.
Now that frightens me.

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