Some facts about student loans | News Briefs | Indy Week
Pin It

Some facts about student loans 

graphics-chart.jpg

It's no wonder today's youth have been labeled as a "Generation Screwed." Not only do they graduate into a weak economy with scarce job opportunities, they do so while being in debt thousands of dollars from student loans.

This year, college graduates owe an average of $35,000. That number will rise if Congress doesn't act by July 1, when interest rates are set to double. Democrats, Republicans and President Obama have tossed around counterproposals, most of which focus on allowing the market to set interest rates.

Yes, the same market that gambled on mortgages to fail. That's encouraging.


$1 trillion Overall student debt in the U.S.

2/3 Proportion of students who take out a loan to finance their college education

0.75% Interest rate for banks to borrow from government

7.9% Interest rate for federal student loans

500% Increase in average student loan debt since 1999

52 Average age for college graduates to pay off their student loans


This article appeared in print with the headline "In your worst interest."

Tags:

  • It's no wonder today's youth have been labeled as a "Generation Screwed."

Comments

Subscribe to this thread:

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in News Briefs



Twitter Activity

Most Recent Comments

Lol I'm reading of jek to no delusional rantings and an ar would not ever take of someones arm lol …

by Emily Davis on How to Buy an Assault Rifle in North Carolina (News Briefs)

By the way they will never repeal the 2nd ammendment so if that's what you want France is your best …

by Emily Davis on How to Buy an Assault Rifle in North Carolina (News Briefs)

Jek to no on one hand your against killing and weapons on the other you wish death on gun owners …

by Emily Davis on How to Buy an Assault Rifle in North Carolina (News Briefs)

I hunt with an ar 15 so I know from experience that it definitely does not ruin the meat it …

by Emily Davis on How to Buy an Assault Rifle in North Carolina (News Briefs)

So i just stumbled across this site and am flabbergasted at the delusional people that have commented on repealing the …

by MyGunItHasaFirstName on How to Buy an Assault Rifle in North Carolina (News Briefs)

Comments

Lol I'm reading of jek to no delusional rantings and an ar would not ever take of someones arm lol …

by Emily Davis on How to Buy an Assault Rifle in North Carolina (News Briefs)

By the way they will never repeal the 2nd ammendment so if that's what you want France is your best …

by Emily Davis on How to Buy an Assault Rifle in North Carolina (News Briefs)

© 2017 Indy Week • 201 W. Main St., Suite 101, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation