The increasing trend of college students graduating with significantly more student loan debt than job prospects is both alarming and detrimental to the future growth of the nation. The cost of education and the widespread prevalence of unsubsidized federal student loans have created an education bubble to rival the housing boom that sparked the recession of 2007-2008. The student debt crisis is particularly troubling because the group that is suffering most–students–is the same that will eventually be called upon to become the nation’s business people, health professionals, and leaders. This crisis was brought on by the large increase in government-subsidized loans offered to students. In theory, these loans are ideal in ensuring that no student forgo a college education because of finances; however, the relative ease of obtaining loans resulted in the startling increases in college tuition. The more tuition rises, the more students need to take out loans. This problem is both current and urgent and must be acted upon now. The extreme burden of student loans should be mediated in two ways: first, recent graduates should be able to refinance their loans upon graduating. Additionally, the government should intervene on behalf of students to encourage policies that lower college tuition as well as the large amount of loans private lenders are willing to offer.