While debt -- student loans, government deficits, personal debt -- may not be the world's most exciting subject, it is at the heart of much of the current global financial crisis. And Indebted a new site developed by MTV's college network, MTVu, in conjunction with the Peter G. Peterson Foundation, aims to provide a simple and stark look at just how much debt is out there -- and how it affects college students.

Below is a 30-second, animated introductory video; the Indebted site also features a half-hour documentary, I.O.U.S.A., some basic facts on student and government debt, and will soon also contain a debt-reduction video game, produced by a Lehigh University student for the site's Indebted Digital Challenge game-design contest.

Indebted: We’re Broke, Let’s Fix ItCheck out the video by clicking the image, and visit Indebted.com for much more; it's an excellent resource for students, teachers and parents alike to examine what national debt and a struggling economy mean for the future of education.