Summary: May 1 is the deadline for millions of high school seniors to choose where they will go to college in the fall. To pay for it, many will take out thousands of dollars in student loans, only adding to the country’s more than $1 trillion in existing student debt. All this debt is having enormous consequences on economic growth. Could student loans be the next financial bubble? Plus: as Facebook faces its $100 billion IPO, we wonder if the social network has peaked -- its mobile strategy is lagging, its founder has resisted going public, and its profits have declined. And Joe Nocera and Rana Foroohar run down the events they’re watching to make news in the week ahead -- China's political scene and Robert Caro's new book.
