Student Loan Debt Will Exceed Median Annual Income For College Grads By 2023

“In 10 years, the average amount of debt college students leave school with will equal what the median graduate will earn in just a year, an analysis exclusive to The Huffington Post revealed. This conclusion was drawn from a study conducted by the policy and communications consulting firm Hamilton Place Strategies. The study found that while average student debt at graduation has skyrocketed by 200 percent since 1993, income growth has stagnated. In 2012, the median income for all college graduates was $46,412 while average student loan debt was $28,720, the study found.”

http://www.huffingtonpost.com/2013/07/10/student-loan-debt-median-income_n_3573683.html

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