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Misinformation exacerbates student debt peril

26.04.11

As if we needed more alarming statistics in a post-recession economy, student loan debt has recently surpassed collective credit card debt in the United States.

Even more worrisome, student loan debt is projected to top $1 trillion in 2011, partially the result of poor job markets for students after college graduation. Also contributing to the increasing weight of loan debt is the rise of college tuition, another consequence of post-recession budget restrictions.

These statistics present students like us with the perilous situation of wanting college degrees to ensure future success, while also acknowledging the true lack of job opportunities and consumer protection.


Source: UM Maneater

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