Wednesday, November 28, 2012

Total Amount of Student Loans

Right now Student Loan Debt has surged to over 950 Billion Dollars.  Keep in mind back in 2003 it was around 250 Billion so in 9 years Student Debt has increased by 280%.  Remember folks Student Loans aren't dismissed in Bankruptcy and really you can't get out of them unless you have a significant disability.  Since a majority of Student Loans involve Government Money you can see where this is heading.  I expect a significant amount of this Student Debt will never be paid off and the Government will be on the hook for over 1 Trillion Dollars before this is all said and done.




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