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.
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.