Infographic: Student Loan Debt Passes $1 Trillion

| by Michael Allen

Given the recession, rising tuition costs, it's no surprise [or maybe it is] that the total student loan debt in the U.S. is now above $1 trillion.

Is this enormous number a sign of financial illiteracy in America?

Do new students understand the burden they are taking on when they decide to attend expensive colleges with little financial aid?

This debt has become so serious that many are predicting it will be the next bubble to burst and a new round of bailouts may include banks and schools.

For those of us who are math challenged, created this handy infographic to show the looming disaster.