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Politics : President Barack Obama
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To: RetiredNow who wrote (111467)3/23/2012 12:12:52 AM
From: John Vosilla  Read Replies (2) of 149317
 
I have to imagine that most of America simply can't afford it all, so they have to borrow and borrow big to make it happen for their kids. But with equity in their homes shriveled, how do they even do that? You tell me.

While America has been deleveraging for five years total aggregate student loan's outstanding just hit another record.

Student-Loan Debt Reaches Record $1 Trillion, Report Says

U.S. student-loan debt reached the $1 trillion mark, as young borrowers struggle to keep up with soaring tuition costs, according to the initial findings of a government study.

bloomberg.com
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