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January 2, 2011

Al Jazeera: With $850 BILLION in Outstanding Tuition Costs, Student Debt outpaces Credit Card liabilities!

From Al Jazeera –

“American university students are beginning the new year with a mountain of debt. There is now $850bn owed in outstanding tuition costs and paying back the money is an ongoing challenge.

Two in every three American students graduate with loans outstanding and the current debt is 11 times the total it was just two decades ago.

Experts say a college degree is an important investment, but in a difficult job market it is an investment that could take a lifetime to pay off.

Al Jazeera’s Tom Ackerman reports.

Filed Under: Opinion Tagged With: $850 Billion in Student Loan debt, Al Jazeera, Credit Card debt, Student Loan debt outpaces Credit Card debt, the t room

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