U.S. student loan debt passes credit cards

With more students borrowing money for college, student loan debt in the U.S. is now greater than credit card debt. But, as Dean Reynolds reports, it's still a smart investment.

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News & Politics

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• student
• loans
• debt
• credit
• cards
• money
• spend
• economy
• recession
• us
• spending
• cbs

[JetRanger0007]

Going to these Over-Glorified Colleges and Universities is no longer about education - its about money for these ridlicious colleges & universities - anybody who gets into deby 40 50 or even 80 thosand dollars is Naive and a fool ! Its all smoke & Mirrors people a game - ad their banking your Naive & ignorant enough to fall victim to the Rhetoric and BS ~!!!!

[windex1234]

MICROSOFT, APPLE, FACEBOOK, DELL, VIRGIN GROUP, RALPH LAURENT FOUNDERS / CEO ARE COLLEGE DROPOUTS. Makes you wonder.....

[makeiteasyable]

ty

[OneNameJustin]

@windex1234

yes thats all true but they all came from parents of wealth and success who graduated from college.

[OfficialDotEXE]

LOL I LOVE how at the end they make it seem like "If you go to college YOU CAN BE THE PRESIDENT!" HAHAHAH...More like work at McDonalds. Stop glorifying college. If you're LUCKY you'll land a good job with a 4-year degree.

[mycesi]

It's easy to look at the exception like Steve Jobs, etc and make it seem like college isn't worth it. But consider the millions who don't go to college and end up making much less. Student loan debt does suck, but with the correct planning the debt is very manageable.

[jebenn23]

Obama became a lawyer, kids that get sociology and philosphy degrees shouldn't borrow $120,000.

[RocketeerAndRoll]

The numbers do lie because it costs 900% more to go to college now than just 30 years ago.

[teddybruscie]

There is a huge difference between what you earn and what you keep. Just because you earn more doesnt necessarily mean you keep more. Cause if thats the case many people should be living well. But thats obviously not the case.

[td84]

These statistics are very inaccurate. Some of the top earners, such as Bill gates, are used to calculate the average income potential of college graduates.

This is nothing more than an attempt from the college industry to say, 'Hey, take out a large loan and it will eventually pay itself back over time.'

I'm here to tell you folks, I don't have a college degree and I'm making $50,000+ a year and have no debt. While everyone I know with a bachelors $50,000+ in debt and making $10 an hour.

[Danaceb]

Keep pumping the hype that creating a new serf class for the overlords, you souless media cocksuckers.

[sc0pl355]

@chessloser28 Yes, but how do we convert back to things like on the job training and apprenticeships? I think that doing things that way is probably the best thing to do for the nation.