Quicksand of Debt for U.S. College Students
Posted on Sep 7, 2011
According to the Project on Student Debt, the average arrears for graduating U.S. students is $24,000, but that figure is low for many who are entering a state of sustained debt peonage during the wonder years of young adulthood.
Since February of last year, HuffPost College has been telling the stories of graduates and students struggling in the mire of obligations to the banks financing their high-priced professional educations. This latest installment shows more of those students displaying the dizzying amount they owe. —ARK
The Huffington Post:
For many students, that figure is modest. Take Aleesha Nash, a graduate of New York University. “Logging into the Federal Student Aid website,” she writes on the Huffington Post, “I see that today my balance is $104,104.63 for a percentage of the information in my head.”
And there’s Jaclyn Cabral, too. Jaclyn chose to attend Elon University in North Carolina because it’s “regarded as one of the most affordable private educations.” Still, she graduated $90,000 in debt.
Flickr / Chris Devers