There was the Wall Street banking crisis, the housing crisis and soon we will have the student loan crisis.
Hello hello hello, my brother and sister bloggers, writers and Flash Fiction Fanatics. If you’ve been paying attention to the latest media reports, the United States is about to be hit with another financial tsunami: tens of millions of undergraduate and graduate students will default on their student loans.
To get a degree, undergraduate and graduate students are taking on debt they will never be able to repay. And with the bleak employment picture projected to remain bleak for several years, many prospective employees with college and university degrees will be forced to work jobs they are over qualified for or jobs that have little to do with their fields of study.
Increasingly, the American dream is becoming a fantasy.
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