Student debt bubble about to explode

RT's Anastasia Churkina reports on the record-high college loan debts that American graduates are faced with, exploring the real faces behind official statistics. What do you do if you owe over 100,000 dollars, but don't have a job?

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News & Politics

Tags:

• Dina Gusovsky
• RT America
• RTAmerica
• student loan debt
• anastasia churkina
• unemployment peaking
• max fraad wolff
• max wolff
• danny schechter
• joe weisenthal
• business insider
• debt ruining lives
• shana falb
• solving money problems
• majoring in debt

[LeScratch89]

@Jsizzistheshizz You seem to forget that many critical people in out society, such as lawyers, teachers, and people in the medical field, cannot find work without a degree. When was the last time you saw a teacher that only had a high school education? What about a doctor that didn't finish basic medical courses? College isn't a luxury anymore like it was at the turn of the 20th century - for many of us, it's a requirement.

[Charlie12241]

@BorgKing001 This isn't a crybaby response jackhole. Have you had to work hard? I'm guessing you haven't because theses aren't excuses, it's how the real world works.

[ihazkittens]

@whyyesyes Ahahah that's what I keep thinking! XD "POP! POP! POP!" lmao

[pamlovsy2j]

That's why after this semester I'm getting out while I still can. Thank god this is only semester one for me and I can still get out without $60,000+ in loans. I'm just going to transfer to a Vocational School and get an Associate degree. Less money and time wasted. A piece of paper is not worth 4 years of outrageous debt.

[whyyesyes]

Pop already!!

[joinProfusionEx]

If you cannot get a scholarship or a part time job.... too bad you are not cut to make it. Only geniuses, hard working youth and people with responsible parents should attend college to get a real degree.

[gimmie1261]

This, my friends, is the real "shadow inventory". How do I know? @ $100k+ and counting. It's getting worse because many are now using student loans to live.

[trackstrb]

If a college wont give you a full scholarship then, they don't give a shit about you and you don't need to go. And most people have bullshit majors anyway.

[stebecool]

Student loans... the education bubble created by and run by government that free market capitalism will receive the blame for yet again.

[JanayM]

These so-called straight A students act like their are genuises and mensa level all because they can memorize things.I have to work hard just to get by because of my LD. It doesn't matter how much intelligence, work ethnic, or experience you have, having LD and these student loans are no joke. These students party, sit on their behinds, and memorize things and expect to move mountains and to think that miracles to pop from the sky. That's why they are in $100,000 in debt from a weak degree. LOL.

[JanayM]

I don't see how these studens are being in so much debt than me and their field's of studies are worst than mines. I also had to do work study to help pay for books and to suooprt my mother. I am at rutgers Majoring in psy and minoring in public health because I have a LD and I want to teach and counsel students with LD (dyslexia, dysclculia, autism, ADD, etc.) $30,000 may not be nothing compared to what other students owe but to a student with low income that is still a lot of money.