Finance & Enjoyment Blog

     A stunning report was recently released estimating that student loan debt will exceed $1 trillion in 2012. This massive debt has numerous implications on the economy. For example, instead of purchasing manufactured goods and services that actually attribute to the nation's economy, a large portion of future salaries will go toward the interest on this debt. Also, having this much debt can lead to a possible bubble or even a recession. A massive default scenario is especially troubling considering the employment outlook facing recent college graduates. To put this in perspective, there is more outstanding student loan debt than credit card debt.

Posted in Your Financial House »

0 Responses to "The Rising Cost Of Student Loan Interest"

Leave a Reply

Fields marked with  * are required.

Name *
Email Address *
(will not be published)