This graphic shows why student loans are defaulted on, and what the alternative options are for students.
Collegestats.com
In an ongoing battle of costs, students loans are growing. CollegeStats.org created this graphic to show just how many people this affects.
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IMO, due to what has been the soaring rise in salaries and benefits of primarily professors and administrators over the last several decades, college costs have rocketed to upper atmospheric levels. This, in turn, has pushed the costs of going to a More..
I am one who has always supported student loans. If given the choice between spending on affluent seniors or spending on student loans, I would choose student loans. Investing in the young is a better option than affluent seniors.
But I More..
I feel for students who run up large debts in college. However, the last several times I have visited one of our local colleges I have taken a look at the cars in the parking lots. It seems like a lot of students have pretty nice wheels. I am More..