Educational Technology

August 25, 2011

Student loans now outpace credit card obligations

Filed under: Educational Technology — admin @ 12:35 am

by James Goodman and Sean Lahman, Democrat & Chronicle

Nationwide, student borrowing is estimated to have mushroomed to $931 billion — for the first time eclipsing the estimated $798 billion in credit card debt.   We are going to hit the $1 trillion mark this year,” said Mark Kantrowitz, who publishes two websites focusing on financial assistance for college students.  Total student debt 15 years ago was about $72 billion, according to Kantrowitz’s estimates. More than half of first-year students now turn to federal loans to finance college and the average student debt, according to Kantrowitz, has grown to $27,200 for those earning a bachelor’s degree. Add in parent loans and the total debt is $34,400.

http://www.democratandchronicle.com/article/20110821/GROUP01/308210005

Share on Facebook

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

ERROR: si-captcha.php plugin says GD image support not detected in PHP!

Contact your web host and ask them why GD image support is not enabled for PHP.

ERROR: si-captcha.php plugin says imagepng function not detected in PHP!

Contact your web host and ask them why imagepng function is not enabled for PHP.

Powered by WordPress