Some say you cannot put a price on education. But many people who face mounting student loan debt might have a different view. WBFO's Nick Maxwell takes a closer look at an issue that continues to receive nationwide attention.
Listen to a student and a credit counselor discuss what some call a college debt crisis.
USA Today parses through New York Federal Reserve's latest report (pdf) on Household Debt and Credit and finds that for the first time, this year the amount of student loans will surpass the $100 billion mark and the outstanding balance will exceed $1 trillion.
Total student loan debt in the U.S. will cross the 1 trillion dollar threshold in 2011, an amount that surpasses the nation's combined credit card debt. It affects how many students and graduates decide whether and where to go to school, what job to take, where to live and how to pay their bills.