WASHINGTON, March 11 (UPI) -- Financial analysts say the "next debt bomb" for the U.S. economy may be the rapidly growing student loan debt burdening most American families.
William Brewer, head of the National Association of Consumer Bankruptcy Attorneys, says student loan defaults in the short term "are are not gong to have the same ripple effect through the economy that mortgage defaults did," but he told The Washington Post student loan debt poses a risk to the economy.