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Posted on 11/13/20 at 12:42 pm to Jake88
quote:
Crisis? The average owed is less than a new Camry.
There is an exception. Doctors often owe about $250k-300K.
Posted on 11/13/20 at 12:45 pm to Jake88
quote:That’s pretty significant for people who are early 20’s and don’t yet have decent careers to pay it back. Add in mortgage debt, credit card debt, ridiculous health insurance, etc. and that’s a recipe for disaster. They’re giving the same amount of loans to people with meaningless majors and no real credit history.
The average student loan debt for recent college graduates is more than $30,000, according to U.S News data. Some 44 million Americans collectively hold over $1.6 trillion in student debt.
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