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Will you ever be able to payback your student loan debt?
Asked by john65pennington (29258)
April 4th, 2012
Back in 1965, The Federal Student Loan Program was a great idea. Borrow the money to go to college, get a job and pay the loan back later. Right? The program is in deep trouble. It’s outstanding loan balance is above the $1 trillion dollar mark. The average student loan balance is $25,000 dollars. Paying back a student’s loan, today, is almost an impossibility, because of America’s sagging economic conditions. You cannot payback a loan, if there are no jobs. So, most students either go back to college or move back in with their parents.
Question: is this going to be the trend for college students of the future and will you ever be able to payback your student loan debt?
Source: AP
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