The Student Loan Crisis is Worse than We Realize
Recent publicity comparing the increase in student loan debt to credit card and auto loan debt indicates how serious the problem really is. In 2017, outstanding student loan debt passed the $1.31 trillion dollar figure. That and the following facts and statistics will tell anyone that we have a student loan crisis.
The figures are bad enough, but how does all of that debt affect the students who must borrow to get a college education?
Over the past twenty years, approximately fifty percent of students who graduated with a bachelor’s degree, saw a tremendous increase in student loans. As an example, in 1994 the average student loan debt was slightly more than $10,000.00.
In 2017, the average more than tripled to $37,172.00. Does the word View full post…