I agree that student loan debt seems like an asset bubble -- in that the price of an education greatly exceeds the valuation justified by the fundamentals.<p>But I can&#x27;t think of a way that the bubble could actually pop.  Or what it would look like if it did.<p>Unlike housing, you can&#x27;t walk away from your education; student loans are designed to prevent debtors from ever escaping their obligations.  They&#x27;re also guaranteed by the federal government, which has seemingly infinite resources.<p>Educational institutions themselves are also either private, or are state-run, both of which would shield the impacts of a collapse from the average citizen.  The average citizen isn&#x27;t invested in education like they were in public tech companies or housing.  It&#x27;s also impossible to short Harvard or the UC system.<p>I actually think this is worse in some ways.  Bubble pops are scary, but the bandaid comes off quickly.  Instead I fear educational indebtedness will just be a silent vampire on our economy for decades to come.