Monday, October 24, 2011

Crossing the student debt point of no return

Some interesting data in this article about the rise of student loan debt.  Here's one of many interesting charts, showing that college tuition continues to soar, while wages of college grads have stagnated:

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Crossing the student debt point of no return – for-profit colleges have default rates now rivaling subprime mortgage debt. $1 trillion in student loan debt on the horizon while college graduate wages fall for the decade.

http://www.mybudget360.com/crossing-student-debt-point-of-no-return-for-profit-colleges-default-rates-subprime-student-loan-debt-1-trillion-dollars-in-2011/

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