It is official; the student loan debt has reached $1 trillion and is expected to reach $1.4 trillion by the year 2020. Earlier this month, this debt surpassed the amount of debt from credit cards. It seems as though student loan debt is climbing at a rapid pace, with little solutions from the state or feds to create a solution. Predictions show that the student loan bubble could the next bubble to burst, just like the housing crisis back in 2007. Since 2006, the average student debt has risen almost 30%.