Over $40,000 in student debt
Over 77,500 graduating college seniors have more than $40,000 in student debt. The total federal student loan debt in the U.S. is $492 billion dollars.
Back in 1994 or 1995, Case had the highest debt load per student according to the US News & World Report. Of course, we are no longer top, but still, you probably have folks owing quite a lot. 2007-2008 expenses are already over $43,000. Tuition is at $32,800.
A bit of historical comparison. Tuition back in 1995-1996 was like around $16,000 and total cost of education was around $22-23,000.
You also have to feel sympathetic to the medical students, they usually graduate with over $200,000 in loans by the time they are done.
Comments
Posted by: Earline
Posted on: October 13, 2007 07:50 PM
I am a 63 year old lady from Texas ,I took classes at one of the community colleges and was assured that I would be able to get a job. Now two years later and close to 80,000 in debt I haven't found a job now my health is failing and I am stuck with this debt and social security check of 500 dollars per mth. what can I do.please help me Earline
Posted by: Internet Marketing Singapore
Posted on: October 18, 2007 01:16 PM
It's really scary when you see people accumulating debts even before starting to work.
Posted by: Friendly Links
Posted on: October 28, 2007 07:34 PM
Students are facing same problems in UK. By the time they finish studying, they are already in debt of £25k on average. Even though various grants are now available to the student, they are still not better off then before