Thursday, October 27, 2011

Student Loan Debt Has Now Surpassed Credit Card Debt

In a jobless economy the best choice for some young people and the jobless is to go to college and further your education.

Hopefully you pursue a degree that will land you a job after graduation, but unless you or your family are independently wealthy you will probably carry a lot of dept after graduation. The average student loan debt for a 2010 graduate was $27,000 and with the cuts in higher education funding by states, the cost of higher ed will continue to go up.

In 2010 student loan debt now surpasses credit card debt in this country and is a big drain on the economy. So what is the answer?

It's obvious that the cost of a College education will not go down anytime soon...

Read more about get student loan help ...

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