Though it's not been discussed much in these pages, I've been following the recent rise in student loan balances closely and the story keeps making headlines and getting more interesting. A while back, total student loan debt eclipsed that of credit cards and, last week, the former reached a milestone of $1 trillion.

In this Businessweek story today, we learn about one of the main reasons why student loans are rising almost as fast as the Nasdaq -- nobody has any home equity left!

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