How to Survive the Next Financial Crisis: Student Loan Debt
▻https://hackernoon.com/how-to-survive-the-next-financial-crisis-student-loan-debt-566e1ab2eec4?
In the decade between 2006 and 2016, the overall cost of college rose 63%, increasing student loan debt by four times and and pushing the collective American student loan debt over the trillion threshold. For many #students, the price of college is more than just financial; it even possibly comes at the price of adulthood.Hearkening back to the Great Depression and Great Recession, the student loan crisis isn’t looking good these days. At $1.4 trillion, the American student loan debt is worth more than the combined value of Facebook and Microsoft, each valued at $541.5 billion and $750.6 billion respectively. For recent college grads saddled with tens of thousands of dollars in student loans, getting a start into adulthood is harder than ever, preventing them from buying homes, making a (...)
#student-loans #school-loan-debt #economy #student-loan-debt
