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Student Loan Debt, For the First Time Ever, Exceeds Credit Card Debt. This is TERRIFYING.

November 9, 2010

Student loan debt has now passed credit card debt as the single largest source of crushing financial burden in America.  In the last 32 years, the cost of college has increased over a thousand percent.  That handily beats the inflation in the cost of homes and medical care.

 

http://articles.courant.com/2010-09-23/news/hc-ed-student-loan-debt-20100923_1_freeze-tuition-tuition-and-fees-state-tuition

 

 

What’s the difference between crushing student loan debt and crushing credit card debt?  With a credit card, you actually get what you paid for.

 

Oh, and credit card debt can be forgiven in the case of bankruptcy.  You pretty much have to die to escape your nice federally sponsored student loans.

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One Comment
  1. giambolvoe permalink

    While I knew before that the rise in the cost of college was fairly ridiculous, knowing the actual numbers is astounding.

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