Community | October 23, 2011 | 1 comment

The $1 Trillion Student Loan Rip-Off: How an Entire Generation Was Tricked into Taking on Crushing Debt That Just Enriches Banks

source: http://www.alternet.org/story/152809/the_%241_trillion_student_loan_rip-off%3A_how_an_entire...

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thedirtman

http://www.alternet.org/story/152809/the_%241_trillion_student_loan_r...

October 20, 2011 |

USA Today says that at some point this year, student loan debt will exceed $1 trillion, surpassing even credit card debt. Felix Salmon says the number is closer to $550 billion. Either way total student loan debt is rising as other debts have tailed off. Delinquency has increased, too, since the height of the financial crisis.

http://www.alternet.org/story/152809/the_%241_trillion_student_loan_rip-off%3A_h...
  1. groups:
    Community,   War On Intelligent Thought
  2. tags:
    Alternet,  Student Loans,  Student Debt
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1 comment // The $1 Trillion Student Loan Rip-Off: How an Entire Generation Was Tricked into Taking on Crushing Debt That Just Enriches Banks

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