student loan debt statistics
Click a Flag to Translate the page
 |
 |
 |
 |
 |
 |
 |
 |
 |
FIRST STEPS: Young and easily confused by finance? Here's some ...
Iborrowed A LOT of money to get through college. How much? Let's just say Sallie Mae has dibs on my first kid. I suppose they'll name her Sallie.
If you were born in the '70s or '80s like me, you're probably in the same debt boat.
If it isn't student-loan debt dragging you down, then it's credit card bills inflated by years of making the minimum monthly payment. Our lives belong to corporate America, and that's not doing any of us any good.
Government statistics show that debt is bankrupting people our age in record numbers. We are far more likely to live at home after college than our parents were, U.S. Census data shows.
We put little away for retirement, even though Social Security is a pipe dream for us.
Yeah, I know, I sound like your mom.
More student loan debt statistics info
A Historical Look at Student Debt
The landscape for student borrowing has changed significantly in the last 15 years, in several ways: The federal government now has different rules for who can borrow (and how much debt they can take on), and, of course, the price of college has continued to shoot ever skyward. For those and other reasons, it’s difficult to fully gauge the implications for today’s borrowers of a study on student indebtedness released Wednesday by the U.S. Education Department’s National Center for Education Statistics. But the report found that most borrowers who finished college in the early 1990s were able to manage their student loan burden without enormous strain.
.