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Keyword: studentloanbailout

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  • Student Loans: The Next Bailout?

    04/26/2012 12:47:26 PM PDT · by NoLibZone · 8 replies
    cnbc.com ^ | April 26 2012 | By: Kelly Evans
    Here’s what we do know about student loan debt: it’s roughly $1 trillion in size, greater than either auto or credit-card debt and second only to mortgage debt in the U.S Borrowers in their 30s today owe $28,500, on average. The debt burden has soared just as — and partly because — the recession hit, so younger graduates carrying the highest balances are hit with the double whammy of a weak job market (that still isn’t showing any sign of rapid improvement).