Only about half (51 %) of those ages 25 to 39 with at least a bachelor's degree and
outstanding student loan debt say that the lifetime financial benefits of their degree outweigh the costs.
Not exact matches
Research by financial experts also
say that large
student loan payments can significantly hurt a young adult's ability to begin to accumulate wealth: «The median 2009 net worth for a household without
outstanding student debt was $ 117,700, nearly three times the $ 42,800 worth in a household with
outstanding student debt.»
No
Student Loans, No Kids... So you're
saying The NEGATIVE means an amount owed to IRS or Federal Gov for some reason, Cause as stated TOP
Says no
outstanding Debts.
When commenting on
loan forgiveness, Ferguson
said it did not motivate the
students to pay down their
student debt since they hoped the
outstanding balance would be forgiven at some point in the future.
Regarding how the UK authorities plan to remedy this situation in the future, the SLC representative
said this: «Government's repayment strategy will boost SLC's capability to trace noncompliant borrowers, pursue and recover
outstanding student loan debt, and it also includes the provision for the potential use of a number of sanctions.»
All this being
said, the $ 1.41 trillion in
outstanding student loan debt is still a ways off from the $ 10.6 trillion in mortgage
debt during the peak of the Great Recession.
Every year
students borrow billions of dollars to go to college.With $ 1.3 trillion in
outstanding loan debt, it's safe to
say that
student loans are a big business and growing.Sadly, so are the scams.