|Is the full college experience still affordable?|
By Byron McNutt
What should we learn from the announcement that total U.S. student-loan debt has now exceeded $1 trillion and that debt actually tops outstanding credit-card debt for the first time? Should we be concerned? Should we be re-evaluating the college experience?
Millions of students take four to six years to earn degrees in majors that often do not prepare them for jobs after graduation. Millions of students graduate with student-loan debt that could total $20,000 to $100,000. A married couple might double that amount! When they can’t find work in this tough economy, they will struggle with the debt, and they can’t get relief via bankruptcy.
|Tuesday, November 01, 2011 2:50 PM|