No Credit Student Loans Detail
Over the long Christmas Holiday weekend, The New York Times published 'For Poor, Leap to College Often Ends in a Hard Fall'. The post is a anecdotal essay correlating being poor and the inability of those who are poor to become higher educated. This post shows how easy it was for the starring subjects to get loans, and how easy it was not to graduate and be stuck with the bill anyway.
The red line on the above graph indicates the growth of consumer credit after subtracting student loans. Currently, not considering student loans - consumer credit is growing at $200 per year for every person 18 years or older in the U.S.A.
Student loans, however, are not obtained by the majority of the population - most are targeted to a small group 18 to 26 years old. The average debt burden on this segment per capita is growing at an annual rate exceeding $2,000.
Over the long Christmas Holiday weekend, The New York Times published 'For Poor, Leap to College Often Ends in a Hard Fall'. The post is a anecdotal essay correlating being poor and the inability of those who are poor to become higher educated. This post shows how easy it was for the starring subjects to get loans, and how easy it was not to graduate and be stuck with the bill anyway.
The red line on the above graph indicates the growth of consumer credit after subtracting student loans. Currently, not considering student loans - consumer credit is growing at $200 per year for every person 18 years or older in the U.S.A.
Student loans, however, are not obtained by the majority of the population - most are targeted to a small group 18 to 26 years old. The average debt burden on this segment per capita is growing at an annual rate exceeding $2,000.
No Credit Student Loans
No comments:
Post a Comment