HIGHER EDUCATION UPDATE: Yes, The Higher Education Bubble Will Pop This Decade And Here’s One Reason Why. “To begin to understand just how screwed up the situation is it’s important to realize how federally-insured student loans are so different than other kinds of debt. . . . as a collector I’d regularly come across borrowers who had gone YEARS without ever making a payment and the loan’s capitalized interest had just grown and grown and grown — much to the bank’s delight.”