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 short list: Holiday habits of six Oregon CEOs

The Latest
Thursday, December 11, 2014
121214-xmaslist1BY JACOB PALMER | OB DIGITAL NEWS EDITOR

We ask business and nonprofit leaders how they survive the season.


Read more...

Justice for All

January-Powerbook 2015
Thursday, December 11, 2014
BY JESSICA RIDGWAY

Lawger upends the typical hourly based fee model by letting clients determine the cost.


Read more...

Kill the Meeting

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Meetings get a bad rap. A few local companies make them count.


Read more...

Corner Office: Steve Tatone

January-Powerbook 2015
Saturday, December 13, 2014

Seven tidbits about the president and CEO of AKT Group.


Read more...

Reimagining education to solve Oregon's student debt and underemployment problems

News
Thursday, November 13, 2014
carsonstudentdept-thumbBY RYAN CARSON | OP-ED CONTRIBUTOR

How do we skill up our future technology workforce in a smart way to take advantage of these high-paying jobs? The answer shouldn’t focus only on helping people get a bachelor’s degree.


Read more...

Growing a mobility cluster

News
Friday, October 31, 2014
0414 bikes bd2f6052BY LINDA BAKER | OB EDITOR

Why are there so few transportation startups in Portland?  The city’s leadership in bike, transit and pedestrian transportation has been well-documented.  But that was then — when government and nonprofits paved the way for a new, less auto centric way of life.


Read more...

The Bookseller

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Everyone knows college is expensive, but a look at the numbers brings that into sharp — and painful — focus.


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