What’s Costing America More Than War, Education, And Credit Card Debt?

As a guy who still has to pay off grad school loans from over a decade ago, I encourage you to commiserate in America’s next big economic implosion by sharing this with your similarly indebted friends — and avoiding student loans entirely if you can help it.

By

Edwardo Jackson

Jan 31, 2013

Several reasons to be petrified by the student loan debt time bomb America has ticking:

– More than half of student borrowers owe over $10,000.

– Student loan debt has mushroomed 511% since 1999.

– $85 billion in student debt is past due.

– With 17% annual growth, student debt would hit $16 trillion by 2030. Yes, that’s trillion with a T.

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What’s Costing America More Than War, Education, And Credit Card Debt?

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