US Student Loans Exceed $1 Trillion

sycodon writes "Politico reports that student loan debt now exceeds one trillion dollars, an amount that should impress even Dr. Evil. Politico further reports that this is one of the more concrete issues driving the OWS protests and provides some enlightening examples of their particular gripes."

Comments

Maybe the 99% did it to themselves

[Bob-taro]

Some quotes from the article that stood out to me:

Giving validation to Occupy Wall Street protests over the increasing burdens of student debt, a new report indicates that the total amount of outstanding student loans this year will exceed $1 trillion for the first time.

I’ve ruined my family because I tried to rise above my class

I was very skeptical of this "1% of the population owns over half the wealth" claim, so I read a little about the study that came from. Apparently, they define wealth as basically net worth - assets minus liabilities. Well, how much of the 99% actually has a NEGATIVE net worth, and does that drag down the numbers? It may be that by this measure the top 50% has more wealth than the whole country put together. Be outraged! You're part of the 100% that has less money than the top 50%!