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Student Loans the Next Bubble to Burst?

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Description
FBN’s Gerri Willis on the rise in student loan debt and its impact on taxpayers.
Duration 1:00
Date Apr 4, 2012

This transcript is automatically generated

No cuts no fees.

Education should be free hello everybody I'm Gerri Willis.

That was the chant the Santa Monica College students were yelling just before campus police pepper sprayed the crowd.

Students at the public two year institutions angry.

-- tuition fees are slated to rise but now -- cost some of the lowest in the nation in state tuition under 15100 bucks.

The increases would raise costs more in line with other schools but apparently California's students believe the tax -- should put.

The entire bill.

And that's just the problem with our federal government holding the bag on the ever escalating built for college costs.

When student loans it's -- me when students default on loans.

Our debt the national debt goes up.

Total loan debt is catapulting him for higher at four -- 53 billion now a mini Freddie Mac or Fannie Mae.

Students need to take more responsibility for their loans and taxpayers are the ones who should be given a break that's might.