Home Must Reads Student loan debt threatens economic recovery

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

The 2014 List: The Top 34 Medium Companies to Work, For in Oregon

March 2014
Thursday, February 27, 2014

100best14logoWebOur 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.

 


Read more...

Wheel man

March 2014
Tuesday, February 25, 2014
BY LINDA BAKER

Les Schwab has put a premium on customer service since 1952, when legendary namesake Les Schwab founded the company with one store in Prineville. (Schwab died in 2007.) But if the corporate principles remain essentially the same, the world around this iconic Oregon business has changed dramatically.


Read more...

Revolution in print, pixels and passion

News
Tuesday, March 11, 2014
RyanFrankNewsBY MARK BLAINE | OB BLOGGER

The publisher of the Emerald Media Group moves on, leaving a cutting edge media group that depends on business acumen for its survival.


Read more...

What I'm reading: Brad Smith & Travis Boersma

March 2014
Tuesday, February 25, 2014

Brad Smith, founder of Hot Pepper Studios, and Travis Boersma, president of Dutch Bros. Coffee, share their recent reads.


Read more...

Are millennials reshaping politics in the Pacific Northwest?

News
Wednesday, April 02, 2014

MillennialsThumbA new report explores the impact of millennials on Oregon's business and political climate.


Read more...

Green your workplace

News
Thursday, April 03, 2014
100Green14logo200oxBY OB STAFF

Learn how to green your workplace and lower your environmental footprint at the office. Oregon Business presents a two-hour "Greening Your Workplace" seminar on May 28th, 2014 at the Nines Hotel in Portland.


Read more...

Airbnb laws will hurt Portland’s newest company

News
Wednesday, April 23, 2014
airbnb-logoBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

Proposed regulations protect Portland’s strict zoning codes and hotel operators, but they may have an adverse effect on Airbnb’s business.


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