“In the past decade student debt has surged as tuition and enrollment climbed. At the same time, college graduates’ earnings have declined. The average debt load of all new graduates rose 24%, adjusted for inflation, from 2000 through 2010, to $16,932, says the Progressive Policy Institute, a left-leaning think tank in Washington. Over the same period, the average earnings of full-time workers ages 25 to 34 with no more than a bachelor’s degree fell by 15% to $53,539.”
—Student Loan Bankruptcy Fears Drive Congress to Rethink Law - WSJ.com
Debt up 24% + earnings down 15% is a really bad combination.
(via caterpillarcowboy)(via caterpillarcowboy)
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sociopoliticaldribble reblogged this from lalibertarienne
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biteofpythias said:
Earnings down, debt up, that’s the way the gop likes to fuck
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caterpillarcowboy posted this
