06/27/2014 12:43 pm ET Updated Jun 27, 2014

Mark Cuban Thinks The Student Loan Bubble Bursting Is 'Inevitable' (VIDEO)

Mark Cuban thinks the student loan bubble is going to burst.

Between the $1 trillion of student debt owed today and the growing cost of college tuition, “Anything that’s not an absolute necessity, kids coming out of school today can’t spend their money on," Cuban says in an interview with Inc.

The inability of college students and recent grads to be major consumers is stunting economic growth. Cuban, billionaire and owner of the Dallas Mavericks, predicts that student loans will ultimately have to be curbed, and with that will come the collapse of tuition prices, leaving colleges, rather than students, the ones in debt.

Watch a clip of the interview in the video above.

[h/t Business Insider]