School loans - a grim outcome
I guess that degree in Underwater Basket Weaving didn't pan out that well.
From
CBS Moneywatch:
Third of student loan borrowers never earned degree
One out of every five adults 20 years of age or older owe money on student loans, and more than half of them are worried about this debt, according to a new study by the Urban Institute.
The exact figures for American adults: 19.6 percent have student loans and 57 percent are concerned about repayment.
A third of the debtors are not college graduates, and 9 percent of them possess only a high school degree. The high school graduates may have incurred debt by pursuing nondegree training or helping to pay for a child's education. Some 25 percent attended college but did not graduate.
And of course, the colleges and universities get their money up front...
Posted by DaveH at June 28, 2013 3:01 PM