The recent collapse of the financial sector was only felt by most after it happened. Today, we face yet another financial crisis that is quietly creeping up on us. And I’m not talking about a double-dip recession or a renewed threat from Wall Street. I’m talking about college loans, especially when combined with the current 9.8 percent unemployment rate. Like mortgages, the financial product that played a large role in the more recent collapse, college loans are widespread. Approximately two thirds of all college students graduate with college loans, and in 2008, The Project on Student Debt estimates that 206,000 students graduated with debts of $40,000 or greater. And the situation is not improving; total student loan debt in the United States is increasing at a rate of about $2,853.88 every second.