Student Loans Are Becoming The Most Crippling Debt In America

Galactic Free Press's picture

student loan debt

Mark DeNicola, Collective-Evolution
Waking Times

It’s one of the key facets of the American Dream: if you want to have a great house, beautiful spouse, and that head-turning Mercedes, then you need to get a good education. For many, an education does just that, as it provides them with the training they need to get into the field they are passionate about, to pursue the career that helps them achieve this “ideal” reality.

However, there seems to be a much darker side to post-secondary education that is strengthening its grip on the necks of well-intentioned Americans. This dark side is student debt. According to the Federal Reserve, student loan debt is now nearly $1.2 trillion in the United States alone.(1) A 2012 study revealed that the average cost to attend an American post-secondary institution [tuition, room and board] ranges from approximately $14,300 to $37,800 per year.(2)

With the cost of education so high, it’s no wonder that so many Americans find themselves swimming in student debt well beyond the years of their education.

Category: