The lion's share of loans are generated by the federal loan program, but increasingly, there are a lot of private alternative loan programs offered by banks and savings and loan institutions out there, too.

When SoFi launched in 2011, it focused squarely on the burgeoning student loan market - a market that, unlike housing, had no viable option to refinance both federal and private student loans from higher interest-rate eras.

There are all kinds of ways out there for graduate students to supplement their income. Some loans and scholarships are based on ethnicity and some provide financial assistance for specific programs, like Master's of Business Administration (MBA) degrees.

Private student loans should be avoided at all costs.

If Federal Reserve loans are subsidies, it doesn't show up in the federal budget.

Property prices may drop, but I do not think it will drop that fast. The consumers are more financially educated as compared to the last crisis, plus the interest rates are very low now...