Archive for Student Debt

Student Loan Scam: the fast road to Debt Slavery

Posted in Chiropractic College Debt, Economy, Higher Education, Sallie Mae, Student Debt, Student Loan Default, Student Loans with tags , , , , , , on September 5, 2010 by debtprisoner

Americans Now Owe More Student Loans Than Credit Card Debt

Posted in Economy, Higher Education, Student Debt, Student Loans with tags , , , , , , , , , , , , , , , , , on August 10, 2010 by debtprisoner

Americans owe some $826.5 billion in revolving credit, according to June 2010 figures from the Federal Reserve. (Most of revolving credit is credit-card debt.) Student loans outstanding today — both federal and private — total some $829.785 billion, according to Mark Kantrowitz, publisher of FinAid.org and FastWeb.com.

Link (via Huffington Post)

Unethical Student Loan Lending Practices on CNN

Posted in Economy, Higher Education, Media Appearances, Student Debt, Student Loans, Videos with tags , , , , , , , , , , , , on March 23, 2009 by debtprisoner

Student Debt: Shocking 60% Need Student Loans For A Bachelor’s Degree

Posted in Economy, Higher Education, Sallie Mae, Student Debt, Student Loan Default, Student Loans with tags , , , , , , , , , , , , , , , , , on March 18, 2009 by debtprisoner

“In each year between 2000 – 01 and 2006 – 07, an estimated 60% of bachelor’s degree recipients borrowed to fund their education.”

“Average debt per borrower rose 18%, from $19,300 to $22,700 in 2007 dollars over this time period. Average debt per bachelor’s degree recipient increased from $10,600 to $12,400.”

“In 2007 – 2008, lenders provided about $17 billion in private loans, a 592% increase from a decade earlier.

Source: The College Board (Trends in Student Aid – 2008)

60% of students borrowing money to fund a bachelor’s degree?

A 592% increase in PRIVATE LOANS for undergrad college?

The American Student Loan Debt Crisis has become a major problem that is hurting the U.S. Economy.

Find out how you can help solve the problem by visiting Student Loan Justice (link).

Chiropractic College Student Debt – Must Read Links

Posted in Chiropractic College Debt, Student Debt, Student Loans with tags , , on March 16, 2009 by debtprisoner

Anyone considering a career in chiropractic should read the following BEFORE signing up for student loans: