Is There A Student Loan Bubble?

Sarah Jaffe raises a disturbing possibility:

As student loans are relatively easy to come by, both from the government and from private lenders increasingly getting into the game, universities have been able to keep hiking tuition without seeing a drop in enrollment. Students are still advised that student debt is “good debt,” as noted above, and that they will be able to pay it off—but the costs are rising far more rapidly than average incomes.

Mike Konczal expands on the problems created by mass student debt.