Student indebtedness has reached an all-time high, as student loans now exceed credit card balances by over $3 billion! Never have students and graduates been so burdened, and all of this is to obtain an education and to fulfill the American Dream. Unfortunately, in today’s employment market, secure jobs are even more elusive. Many graduates find that they have debt but inadequate means to repay, despite earning their degrees. I have long-advocated that costs must be a consideration when selecting schools. This is even more true today because the data is suggesting that student debts are only getting larger and the problem is getting very little press. I felt compelled to address this issue again. Today, my guest post at Generation X Finance has just been released entitled: The Educated Indentured Servant. In it you will find out why:
Student Debt Represents a Bigger Problem Than You May Think
The Impact of Recent Financial Regulations
How Did We Get Into This Mess in the First Place?
Why Student Debt is Akin to Investing In Reverse
I hope you will help me further the discussion of this very important problem.
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Copyright 2012, Roshawn Watson, Pharm.D., Ph.D. All Rights Reserved.