The Student Loan Debt Crisis in 9 Charts
The Student Loan Debt Crisis in 9 Charts: Nearly $1 trillion in debt, millions in unpaid loans: the numbers behind how Americans are struggling to pay for college.
The Student Loan Debt Crisis in 9 Charts
The Student Loan Debt Crisis in 9 Charts: Nearly $1 trillion in debt, millions in unpaid loans: the numbers behind how Americans are struggling to pay for college.
“Fifty percent of the class of 2011 was unemployed or dramatically underemployed. In another survey,…”
“Fifty percent of the class of 2011 was unemployed or dramatically underemployed. In another survey, only 16 percent of employers reported that new hires from four-year colleges were “very qualified” for the workforce. Academically, one study showed that only 45 percent of students showed any meaningful cognitive gains after three semesters. Regardless of what one considers the purpose of college to be, it is clear that costly dysfunction is plaguing the system.”
How Student Debt Is Holding Back The Housing Market
How Student Debt Is Holding Back The Housing Market:
College grads should be getting ready to live the American Dream and buy a house of their own. But they’re being held back by their crushing debt loads […] Students got caught in a housing market spiral: many parents who had once used home equity to help finance college costs had to pull back when the market tanked, leaving students to take on more debt, which is now getting in their way of owning their own homes. […]
BTW: the housing market is rebounding on speculation of an increase in homeownership that WILL NEVER HAPPEN. Prepare for student debt to crash the US economy not just once, but twice.
