Student Debt in America: Lend With a Smile, Collect With a Fist
This article talks about the hardships of students who find themselves in a huge amount of debt out of college. This article focuses on specific people and the costs that they have in their normal lives that just add on to the student debt they accumulated.- The average undergraduate student who borrows leaves with about $30,000 in debt.
- Of the 43.3 million borrowers with outstanding student federal loans, 1.8% or 779,000 people owe $150,000 or more. And 346,000 owe more than $200,000
- The number of active borrowers in enrolled in college has declined to roughly nine million today from about 12 million in 2010
- "The Federal Government has become the biggest, nicest and meanest student lender in the world"
http://www.nytimes.com/2015/11/29/upshot/student-debt-in-america-lend-with-a-smile-collect-with-a-fist.html?smid=nytcore-ipad-share&smprod=nytcore-ipad&_r=0
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