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College Grads In Over Their Heads With Student Loan Debt

Monday, May 20, 2013 - 7:43 AM
Are U.S. college graduates “surprised” by the amount of student loan debt they’ve accumulated?

You bet they are. But the real question is this: How did college grads not see this loan debt tsunami coming?

College Grads In Over Their Heads With Student Loan Debt | Credit Center | Student Loan | Get the best rates on mortgage, home equity loans, CD, money markets and checking accounts | BankingMyWay
5
ShorebreakShorebreak2,622 posts since
Apr 6, 2010
Rep Points: 14,216
1. Monday, May 20, 2013 - 9:09 AM
What I don't understand is how so many students get these loans when so many can't or don't pay them back.  Don't they have to show some proof they can or will repay the loans ?  I am just confused as to how the system works.  Adults just can't get a loan for thousands of dollars without showing they can repay at a certain time.
3
paoli2paoli21,372 posts since
Aug 10, 2011
Rep Points: 6,011
2. Monday, May 20, 2013 - 9:10 AM
As an addendum to this, former education secretary Bennett has rated the best colleges that are best to attend for the cost:

Only 150 of 3500 U.S. Colleges Are Worth the Investment: Former Secretary of Education | Daily Ticker - Yahoo! Finance   The full list is here:   http://www.payscale.com/college-education-value-2012
4
me1004me1004370 posts since
Jan 16, 2010
Rep Points: 2,572
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