Drowning in Debt: US students helpless to pay off education

A ticking time bomb of American debt. Over $830 billion are owed by college students in the US with $3 thousand more added on every second. The most traditional financial baggage for Americans was credit card debt. For the first time, debt belonging to college students has over taken that number one spot. "Students graduating in 2008, 2009 and 2010 are facing the worst job markets in a generation at least. And so you have people with more debt that we have ever seen before, who are having a harder time finding any job, let alone a job that pays them enough to somehow pay off all this debt."

Category:

News & Politics

Tags:

• RT
• Anastasia Churkina
• student loan
• Max Wolff
• Shana Falb
• Danny Schechter
• Dennis House
• school credit
• Joe Weisenthal
• economic crisis
• slow economy
• jobless
• indebted
• college loan
• university education
• college
• job market
• paying off school loan
• bankruptcy

[Behemoth9223]

fuck this country

[jd00720]

"These kids are rooting for socialism, mostly out of emotion. EU style socialism wouldn't go very well here... All they want is much cheaper tuition and the security of not having to fight life long debt once they graduate. There is absolutely no reason tution has to be around $20,000 a semester, when in other coutries its around $1000 or less. All I can say is that having millions of permanently indebted, unemployed young people is dangerous!...(Something WILL cause them to finally snap!)

[cooksecurities]

cont.: because I can earn profits from the futures markets, I will never need another job in my life; so the SALLIE MAE's threats about trashing my credit into the toilet, are just empty threats; since I have money I will also NOT need to borrowmoney again to buy car, house, whatever; so I dont depend on the credit scores anymore! and since I? haven't worked for 10yrs/+, I won't be getting social security in my senior yrs anyway. Solyndra got half billion, then goes bankrupt;

[MamzerGasserPanzer]

Except for niggers, they get scholarships even when they fail SATS because the jews who control higher communist indoctrination agree with niggers that "da white maa got's ta pay fuh ouw problums bitch" .

[moistfaucet]

in America is true free country, but they also being enslaved by bankers. so sad....

[7477238]

@dochokeana I guess you're right. It's just that I see a lot of people are mishandling credit extended to them and it makes me scratch my head. For that year I worked out of high school I was able to work in the construction field and make good money so that whatever more I needed for school fees was a small amount in a loan I took out. After graduating I was able to pay that off, no debt.

[dochokeana]

@FutureCACPA You just got lucky, quit your "I'm so super" bravado. You are not immune to being fired. Where is not set recipe for getting a job. A marketable skill today can be obsolete tomorrow and networking may not help either. Luck and being at the right place at the right time play a major part and right now they play the BIGGEST part. As for foreign workers they are often cheap and take lots of abuse. Of course some employers would prefer them over those who are aware of their rights.

[dochokeana]

@7477238 For some it's not all that easy as you make it out to be. A lot of jobs that used to accept high school diploma now want a bachelors. Add the rise in costs of college tuition and you get a catch 22, 0% of lending a job without college diploma and a chance to get one with the diploma but now you have to go thousands into debt just to have a chance at a minimum wage job that won't allow you to pay the debt back

[gigalin]

go out of Us & work in china instead

[7477238]

It's the idiots who sunk themselves into this mess that are running the costs up. Why take out a loan, particularly a student loan, when you almost know for sure that 4 years down the line you may not get a job with an income high enough. Why is it that so many Uni students think they're going to get this 100k a year job out of school? Such irresponsible use of credit, I worked for a year after high school, made enough money that I took out a small loan that was repayable. That's what you do.