The Crushing Weight of Student Debt

from this Time article

Households headed by a young college graduate with student loans outstanding have a typical net worth of just $8,700—a pittance compared to the typical $64,700 net worth of similar households only with no student loans outstanding. But that’s just the start. Those with student loans have total debts of $137,010—nearly double the typical $73,250 indebtedness of those without student debt outstanding.

The title is only rich kids should go to college, I might have to agree as I can see for myself and others will be paying back student loans for at least 10 years, while trying to build a life with the education we’ve acquired.

Should the price of education be as much as your monthly rent? How much are we prepared to sacrifice in order to get the parchment that gets us to higher levels of income (hopefully)?

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