Student loan debt threatens economic recovery

| Print |  Email
Must Reads
Tuesday, April 03, 2012

U.S. student loan debt has surpassed credit card and auto-loan debt, reaching over $1 trillion.

 

With a still-wobbly jobs market, these loans are increasingly hard to pay off. Unable to find work, many students have returned to school, further driving up their indebtedness.
Average student loan debt recently topped $25,000, up 25 percent in 10 years. And the mushrooming debt has direct implications for taxpayers, since 8 in 10 of these loans are government-issued or guaranteed.

Read more at The Statesman Journal.

{biztweet}student loan{/biztweet}

 

 

Comments   

 
Jeffrey Anderson
0 #1 Student Loans are fineJeffrey Anderson 2012-04-03 13:05:21
#AskVP I have student loans, but I am able to pay them off. I don't think the payment amounts are too high. I think anyone can make payments on them. Don't subsidize them any more than you already are! Spend your time lowering the debt.
Quote | Report to administrator
 
 
Martha  Perez
0 #2 Student loans, ughMartha Perez 2012-04-04 13:05:09
Loan forgiveness, may be able to partially or fully prevent the next US bubble crisis: college loan defaults. When students are lied to about flashy loan products, and promised that if they work hard, study, and work tirelessly, that they will become rockstars, when, in fact, they have nothing to show for it, then it is not entirely the fault of those who were swindled. There is personal responsibility, I agree, but at the same time, there is systemic issues at play here. Uh huh.
Quote | Report to administrator
 

More Articles

Quake as metaphor

Linda Baker
Tuesday, July 14, 2015
071515-earthquakia-thumbBY LINDA BAKER

The Big One serves as an allegory for Portland, a city that earns plaudits for lifestyle and amenities but whose infrastructure is, literally, crumbling.


Read more...

Preserving the Legacy

July/August 2015
Monday, July 13, 2015
BY KIM MOORE | PHOTOS BY JASON E. KAPLAN

A New York floral and gift business takes on the iconic Harry & David brand.


Read more...

Reader Input: School Choice

September 2015
Thursday, August 20, 2015

Which of the following would be most effective in reducing the cost of operating a public university in Oregon?


Read more...

Getting What You Pay For

September 2015
Wednesday, August 19, 2015
BY KIM MOORE

A conversation with Chris Maples, president of the Oregon Institute of Technology.


Read more...

Child care challenge

News
Wednesday, August 26, 2015
0927OHSUhealthystarts-thumbBY KIM MOORE AND LINDA BAKER

Child care in Oregon is expensive and hard to find. We delved into the numbers and talked to a few executives and managers about day care costs, accessibility and work-life balance.


Read more...

Reader Input: Road Work

March 2015
Wednesday, July 15, 2015

Oregon's roads are crumbling, and revenues from state and local gas taxes are not sufficient to pay for improvements. We asked readers if the private sector should help fund transportation maintenance and repairs. Research partner CFM Strategic Communications conducted the poll of 366 readers in February.


Read more...

Balancing Act

July/August 2015
Friday, July 10, 2015
BY DAN COOK

The Affordable Care Act has triggered a rush on health care plan redesign, a process fraught with hidden costs and consequences.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS