The amount of outstanding student loan debt in this country has reached $1 trillion. And if you scan the headlines this week, you'll find school after school raising tuition, which will almost certainly send that $1 trillion number up even further.

While some banks are being encourage to lend more, pressure is also coming from regulators to crack down on riskier customers.

And this final note. For all the pronouncements that we'd become better, smarter savers out of the financial crisis, looks like the wallets are out…