asterisk2a + burden   2

College Loans Weigh Heavier on Graduates - NYTimes.com
interest payments eat disposable income. period.
and defaults and missed payments destroy their credit score.

- 20 something people need more tarmac to fly independently 

“In the coming years, a lot of people will still be paying off their student loans when it’s time for their kids to go to college,” said Mark Kantrowitz, the publisher of FinAid.org and Fastweb.com, who has compiled the estimates of student debt, including federal and private loans.
Two-thirds of bachelor’s degree recipients graduated with debt in 2008, compared with less than half in 1993. Last year, graduates who took out loans left college with an average of $24,000 in debt. Default rates are rising, especially among those who attended for-profit colleges.

Some education policy experts say the mounting debt has broad implications for the current generation of students.
StudentLoans  USA  policy  debt  2011  freedom  capitalism  generationy  millennials  generation  burden  unintended  university  college  UK  tuition 
april 2011 by asterisk2a

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