“The Class of 2012 graduated with an AVERAGE financial hangover of $29,400. In more expensive parts of the country like the Northeast, four-year degree students owed even more – almost $34,000. We’re not just talking about a handful of students, either. More than 7 in 10 graduates had at least some debt when they got their degrees. The growth in debt is far outpacing the growth in income, too, rising at a rate of about 6 percent per year over the past half-decade. All told, student loan debt now totals around $1.1 TRILLION. That’s almost quadruple the level of a decade earlier. It’s now the single biggest category of consumer debt outside of home mortgages.”
http://www.moneyandmarkets.com/congrats-grads-thatll-be-29400-61470
Related posts:
Tighter Gun Laws Will Leave Libertarians Best-Armed Of All
Skewed Rhetoric On Metals And Markets Obscures Best Plays
Fred Reed: Ain't Nobody Gonna Like It
Housing Vouchers: Equal Opportunity Crime-Sharing
Firebombing Denver instead of Dresden?
Jacob Hornberger: Political Gamesmanship at the Olympics
Jim Bovard: The Pro-War Media Deserve Criticism, Not Sainthood
The Dialectical Pomposity of the Tapering Promotion
Ron Paul: The IRS's Job Is To Violate Our Liberties
FBI’s Latest Proposal for a Wiretap-Ready Internet Should Be Trashed
How to Start a War by the Bootstrap Method
Sorry, Comrade; You Didn’t Discover Secret To Make Communism Work
Police Deserve No Sympathy Until the Blue Line Breaks
The case of Brandon Raub: Can the government detain you over Facebook posts?
Anthony Gregory: Gun control and the security illusion