With student loan debt reaching approximately $1.5 trillion, many are concerned that student loans may be the next financial bubble to burst. They cite students with loans of more than $100,000 and ballooning loan default rates. They contend that borrowing for higher education may not be worth the financial risks. Some even argue that students should not incur debt to attend college. What is the truth? This presentation highlights facts about college students' indebtedness, relying on the most recent data available. [For the sixth edition, see ED593477.]