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Monday, April 23, 2012

What America Owes In Student Loans : Planet Money : NPR #soschat

What America Owes In Student Loans : Planet Money : NPR:


What America Owes In Student Loans

Total student debt has gone through the roof. But the average debt per college grad has gone up much more slowly.

Student debt vs. credit card and car loan debt


See our earlier entries in this series: What America Sells To The WorldWhat America Does For Work, What America Buys andWhat America Pays in Taxes


The amount of student debt being taken on every year has been rising rapidly for years now.



You probably know these things already. People keep reporting it, with the implication that student debt is out of control, that there is some kind of crisis building.
But it turns out that the rise in total student debt is not primarily the result of each student borrowing more money. It's the result of more students going to college.
"The main force pushing up the total amount of outstanding