YouSpeak: Student Loan Debt
Americans owe more on student loans than on credit cards
Last year, students at U.S. colleges and universities borrowed more than $1 billion for their education, a record for student loans. And this year, the amount of outstanding college loans will top $1 trillion. According to the College Board, students are borrowing twice what they did just 10 years ago, raising new concerns about an impending debt crisis. The Project on Student Debt reported recently that students who graduated from college last year owed an average of $25,250, up 5 percent from the previous year.
This week’s “YouSpeak” asks, “How concerned are you about your student loan debt?”
“YouSpeak” typically appears each Monday.
If you have a suggestion for a question we should ask, post it in the comments section below.
Alex Stout (COM’13) and Kara Siebein (COM’12) assisted with this video.39 Comments