OT-Student Loan Debt
NYT had a good story bout how a hapless student rang up Fed student debt of over $400K w/o getting much for it & never paying a dime on the loan.
Google
Student Debt in America: Lend With a Smile, Collect With a Fist
for details.
There seemed to be only 1 bout of unusual bad luck in the story, otherwise its probably not far off from what would be a normal experience. Makes it seem that the student debt mountain is going to exceed the subprime collapse since the subprime loans actually had some real estate behind them, but the student debt collateral is strictly intangible.