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Friday, October 21, 2011

The $1 Trillion Student Loan Rip-Off: How an Entire Generation Was Tricked into Taking on Crushing Debt That Just Enriches Banks

The $1 Trillion Student Loan Rip-Off: How an Entire Generation Was Tricked into Taking on Crushing Debt That Just Enriches Banks: "USA Today says that at some point this year, student loan debt will exceed $1 trillion, surpassing even credit card debt. Felix Salmon says the number is closer to $550 billion. Either way total student loan debt is rising as other debts have tailed off. Delinquency has increased, too, since the height of the financial crisis.

It’s a huge mess....."
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2 comments:

  1. MotivatedinOhioOctober 21, 2011 at 6:18 PM

    That is terrible.  It is the one debt, that a person keeps even after bankruptcy.

    ReplyDelete
  2. Underground PoliticsOctober 21, 2011 at 8:43 PM

    Which is pretty horrible. You're basically a bonded servant.

    ReplyDelete