Is student loan bubble collapsing?

Updated:

(FOX 25 / MyFoxBoston.com) – Since the recession, reducing debt has been a priority for almost everyone. One exception has been student loans.

New data shows 11 percent of student loans were 90 days past due in the third quarter of this year, up from 8.9 percent the previous quarter.

How does this impact our already shaky economy, especially with the looming fiscal cliff?

Chuck Zodda with the Armstrong Advisory Group weighs in.