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Politics : The Donkey's Inn -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (6013)	2/5/2003 2:48:45 PM
From: Bald Eagle	Read Replies (1) \| Respond to of 15516

Fool.

To: TigerPaw who wrote (6013)	2/11/2003 5:53:33 PM
From: Mephisto	Respond to of 15516

Graduated payments consumerreports.org July 2002 There are ways to get out from under those big college loans. Most new college graduates brought home a lot more than a diploma and worn textbooks this spring. They were shouldering a big load of debt--on average about $17,000 in federally guaranteed education loans, according to a recent study by the State Public Interest Research Groups' (PIRGs) Higher Education Project. That's double the debt level that students carried eight years ago and doesn't include other types of loans. What's more, 41 percent of graduating seniors also carry an average credit-card balance of more than $3,000. Such daunting debts were not quite so worrisome during the dot-com boom a few years back, when grads easily found jobs with generous starting salaries. This year's class, however, is graduating into one of the worst job markets in a decade. A survey conducted by the Collegiate Employment Research Institute (CERI) at Michigan State University projects that hiring for new graduates this year will be 13 percent lower than in 2001. And, there might not be much improvement before year-end. As a result, the six-month grace period allowed to most borrowers before they must start repaying federal loans could expire before new grads have found a job.