Imagine the future with these kids coming out of school, strapped with this kind of debt. They'll be unable to afford homes, marriage, etc... and many will likely default. The economic implications are pretty clear but the moral and social implications are myriad. Increased stress levels will reflect in increased health issues and likely in crime too. Don't bet on any tuition decreases until it's too late to have any impact. - MBC
http://online.wsj.com/article/SB10001424052970204731804574388682129316614.html
"...New numbers from the U.S. Education Department show that federal student-loan disbursements—the total amount borrowed by students and received by schools—in the 2008-09 academic year grew about 25% over the previous year, to $75.1 billion... two-thirds of college students borrow to pay for college, and their average debt load is $23,186 by the time they graduate..."
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