Student loans now exceed $1 Trillion

by sfgate.com

Day 3 of the protest Occupy Wall Street in Man...

Day 3 of the protest Occupy Wall Street in Manhattan's Zuccotti Park. (Photo credit: Wikipedia)

Young people and potential career changers continue to be bombarded by data supporting higher education as a pathway to a higher quality of life. Indeed, according to the College Board, degree holders earn $22,000 per year more than non-degree holders, they have relatively lower unemployment rates and they are more likely to receive employee-provided health insurance. However, with the average student loan debt burden now topping $25,000, and given the still-lethargic labor market, with unemployment still in the high single-digits, those evaluating higher education as an option may need to carefully consider whether or not it is truly a means to a better end. Given news that the nation’s student loan burden now exceeds $1 trillion, we take a look at how this large student loan debt burden could affect our economy in the coming years.

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About smartspending5

I am business-minded college student who has a heart for helping others attain emotional independence and psychological stability. My background lies in Broadcasting, network marketing, and Human Services. I believe that crises and extreme stress is necessary for one to grow and figure out what matters in life (Tony Robbins). This keeps me going when frustrations arise in my business. View all posts by smartspending5

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