In case you missed this dubious milestone, student loan debt exceeded credit card debt for the first time last year according to a recent New York Times story. CNN has also reported on this topic.

It appears that student load debt will top 1 trillion dollars this year -- an enormous sum. As Lauren Asher, president of the Institute for College Access and Success, noted, Things like buying a home, starting a family, starting a business, saving for their own kids education may not be options for people who are paying off a lot of student debt.

The current system is unsustainable as tuition increases continue to rocket upward faster than the rate of inflation.