The higher ed bubble keeps growing and the tipping point gets closer every year.

Morgan Chalfant of Red Alert Politics reports.

2015 college graduates are most indebted in history

College students graduating this year are leaving school as the most indebted class in history.

From the Wall Street Journal:

The average class of 2015 graduate with student-loan debt will have to pay back a little more than $35,000, according to an analysis of government data by Mark Kantrowitz, publisher at Edvisors, a group of websites about planning and paying for college. Even adjusted for inflation, that’s still more than twice the amount borrowers had to pay back two decades earlier.

Along with the average student debt, the share of students taking out loans to fund college is also increasing. Whereas 64 percent of students graduating with a bachelor’s degree a decade ago left school having to pay back a loan, that same figure stands at nearly 71 percent in 2015.

Parents of college students are also feeling the pressure. The average debt among parents taking out loans to help their children pay for secondary education increased to $30,867 in 2015 from $29,684 last year. Among graduates, 17 percent are being helped through school financially by their parents taking out loans.

In total, the 2015 education debt is estimated to reach $68 billion for students graduating with bachelor’s degrees and their parents.