College loans have topped $1 trillion, and defaults are on the rise.
"Outstanding student loans topped $1 trillion last year, exceeding the total amount of credit card debt. Thousands of borrowers are postponing getting married, buying a home or having children until their debts are paid off.
Defaults are rising, which typically leads to larger loan balances. And the problem isn't limited to young adults. Some borrowers are older adults who went back to school. Others are parents who co-signed loans for their children," USA Today reports.
What do you think? Does the way we pay for higher education in this country need to be rethought? Are you buried under a mountain of student debt? Take our poll and add your thoughts in the comments.
