1. I Owe U.
- Author
-
Dell, Kristina
- Subjects
STUDENT loans ,UNEMPLOYMENT ,DEBT ,ACADEMIC degrees ,BANKRUPTCY ,UNITED States economy, 2009-2017 - Abstract
The article focuses on the increasing number of U.S. students who hold loan debt but are unable to find employment in 2011. Topics include the increase in loan delinquency and default between 2009 and 2011, how student loan debt has exceeded credit card debt as the largest source of debt in the U.S. in 2011, and how the cost of tuition in U.S. schools has increased an average of 538% between 1981 and 2011. Information is provided on how student loans are rarely forgiven by bankruptcy and can only be discharged by repayment or death.
- Published
- 2011