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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."
You can't default on student loans, they never go away. The fed will garnish your wages forever until they are paid off.
My Other Computer Is A Data General Nova III.
With almost any decent job these days requiring a 4-year college degree, what the hell do you expect?
That is why high school is worthless now days. You might as well drop out with a GED and go to community college. High school and GED gets you the same job now days, there's no need to waste those 4 years when you could go to college and at least get an associates and move on to bachelors at a real school.
Of course this only applies to the 99%, the 1% go to Ivy League high schools and Ivy League colleges so they don't need to worry about community college.
my karma will be here long after I'm gone
No, its not possible these days on average. The average public university costs close to 11034 a year according to the census. The average minimum wage is 7.35. That comes out to a 35 hour workweek alongside being a fulltime student (1823 hours). This is only public schools - NOT private schools. Not to mention prices for everything have gone up steeply. If they're trying to put themselves through school, its almost impossible to avoid debt. Baby boomers don't quite seem to understand the math, so here it is: A dose of Financial Reality.