Wednesday, April 27, 2011

Student Loan Debt Hits Record

Total student loan debt now exceeds $1 trillion.  Students owe more to repay school loans than consumers owe in credit card debt.  Amazing.

The average student loan debt is now $24,000.

Yet in Pennsylvania we are debating cutting by 52% funding to public universities.  Also amazing.

Slashed funding will mean tuition hikes which will mean higher student debts and some not going to school.  That is a cycle that devours individual hopes and Pennsylvania's future.  It must be broken.

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