The $1 Trillion Student Loan Rip-OffSubmitted by ArmorOfChrist777 on Wed, 10/26/2011 - 13:16
I don't always like articles on this website, but this one is pretty good. It backs up what Ron has been saying, and it comes from a more "leftist" point of view. Great to share with those who still don't get it.
The $1 Trillion Student Loan Rip-Off: How an Entire Generation Was Tricked into Taking on Crushing Debt That Just Enriches Banks
USA Today says that at some point this year, student loan debt will exceed $1 trillion, surpassing even credit card debt. Felix Salmon says the number is closer to $550 billion. Either way total student loan debt is rising as other debts have tailed off. Delinquency has increased, too, since the height of the financial crisis.
It’s a huge mess.