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

Taking the lead in boosting Oregonians’ health and strengthening our economy

Contributed Blogs
Thursday, January 08, 2015
0108-injection-thumbBY CAMBIA HEALTH SOLUTIONS & OREGON BUSINESS COUNCIL | OP-ED

Businesses have a significant stake in the health of Oregonians. In fact, we cannot succeed without it. By committing to using our companies as levers for good health, we invest in our people, our business, our quality of life and our economy. 


Read more...

See How They Run

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

Studying ground-running birds, a group that ranks among nature's speediest and most agile bipedal runners, to build a faster robot.


Read more...

Carbon Power

February 2015
Tuesday, January 27, 2015
BY LINDA BAKER

Researchers in a multitude of disciplines are searching for ways to soak up excess carbon dioxide, the compound that contributes to global warming.


Read more...

5 companies react to lower fuel prices

The Latest
Thursday, January 15, 2015
thumb-shutterstock 233787049BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Consumers love the savings they get from low oil prices, but how has business been affected?


Read more...

The Human Factor

February 2015
Monday, January 26, 2015
BY BRIAN LIBBY

Matt French opens up South Waterfront.


Read more...

Playoffs pay off for the Ducks

The Latest
Friday, January 02, 2015
oregon-ducks-logo-helmet-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

The University of Oregon football team looked unstoppable on the field Jan. 1 — and the university is reaping the benefits of the new postseason format.


Read more...

Live, Work, Play: Amen Teter

February 2015
Tuesday, January 27, 2015
BY JACOB PALMER

Catching up with Amen Teter, Portland-based global director of action sports for Octagon Olympics & Action sports talent agency.


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