Tuesday, November 23, 2010

Who's Going to Bailout Our Kids?

Here's a reposting from This Week in Education, by Alexander Russo about the shocking size of Student Loans and Long-term debt for college:

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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