Wow. Student loans have doubled since 10 years ago (about when I went to college). And that's adjusting for inflation. I'm sure the mortgage crisis has led more families to student loans since that money is available and credit on their houses is not. Very scary.
"Students who borrow too much end up delaying life-cycle events such as buying a car, buying a home, getting married (and) having children," says Mark Kantrowitz, publisher of FinAid.org.
We ought to also talk about the psychological toll taken on people with big debts hanging over their heads. It is a horrible thing only made acceptable because so many other people go through the same thing. A mortgage is bad enough, but couple it with student loans and car payments, jesus, when is anyone going to make enough money to get ahead, have some savings and investments?
No comments:
Post a Comment