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