Jul 18 2017

Student loan tsunami on the horizon:  Of $847 billion in Direct Loan program, only $535 billion is actually being paid back at the moment. 

The amount of student debt continues to grow like a skyscraper reaching for the clouds.  There seems to be an unlimited amount of student debt that college students are willing to take.  As of today, there is $1.44 trillion in student debt outstanding.  But how much of this is being actively serviced?  After all, if […]

May 7 2017

Debt Apocalypse: US Student and Auto Loans Hit New Record of $2.6 Trillion.

American consumers are once again spending beyond their means.  Just a few months ago there was a startling headline reporting that US consumers now had over $1 trillion in credit card debt outstanding.  That seemed astonishing in itself but now looking at debt levels in other sectors we find that auto loans outstanding are also […]

Mar 20 2017

Graduating with a Degree in Debt: The Average Student Debt Balance for Seniors is now $40,000.

The runaway cost to attend college just continues to sprint ahead.  The average student loan balance for graduating seniors is now $40,000.  This is astronomical considering the per capita wage of Americans is in the high $20,000 range.  The math behind this astronomical debt is rather clear and simple to follow.  Student debt is one […]

Mar 13 2017

Roughly one third of college students spend their loans on spring break and partying.

There is a massive student loan epidemic in the United States.  Over $1.4 trillion in student debt is floating around in our economy lingering like an albatross on the necks of many young students.  While the idea of getting a college degree is more popular today than ever, it would seem like going to spring […]

Aug 14 2016

Is College Worth It? The $1.4 trillion question gets harder to answer as a record number of Americans attend universities.

One of the most perplexing questions on the minds of young Americans today is whether college is worth the associated tuition cost.  It is rather humbling to see that $1.4 trillion in student debt is outstanding today.  That is more than auto debt and credit card debt.  College tuition has outpaced virtually every category that […]

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