In the ocean of news stories pertaining to Stormy Daniels and the latest trivial outrage, there was a new record made in the first quarter of 2018 that barely got any coverage.
What was it? U.S. student debt topped $1.5 trillion for the first time in the nation’s history in the January-to-March period.
And it’s only getting worse.
The average graduate leaves school with $37,000 in debt, one in six graduates have debt that exceeds their income, and student debt climbs $3,000 every minute. These are depressing statistics.
Of course, you can blame the government for this mess.
If it weren’t for government-guaranteed student loans, colleges wouldn’t be charging sky high tuition rates to construct luxury resorts and serve steak and lobster.
Whenever the government interferes into any sector, the costs balloon. Education is no exception.
Leave a Comment