Two bits from articles about college debt that caught my eye - one about the overall size of the loan debt and the other about the monthly payments some (admittedly extreme) loans require: The monthly payments for just my private loans are currently $891 until Nov 2011 when they increase to $1600 per month for the following 20 years... (What $200,000 in Student Debt Looks Like)... At roughly $850 billion outstanding, student loan debt recently surpassed credit cards as the nation's largest segment of consumer debt. (Top Ramen For Life).
Tuesday, November 23, 2010
Who's Going to Bailout Our Kids?
Two bits from articles about college debt that caught my eye - one about the overall size of the loan debt and the other about the monthly payments some (admittedly extreme) loans require: The monthly payments for just my private loans are currently $891 until Nov 2011 when they increase to $1600 per month for the following 20 years... (What $200,000 in Student Debt Looks Like)... At roughly $850 billion outstanding, student loan debt recently surpassed credit cards as the nation's largest segment of consumer debt. (Top Ramen For Life).
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