Student Loans

Young people struggle to deal with kiss of debt
www.NEFE.org

By Mindy Fetterman and Barbara Hansen, USA TODAY. Thirty years ago, the "generation gap" reflected the cultural gulf between World War II-era parents and their children. Parents then just didn't get sex, drugs and rock 'n' roll.

Today, the gap is about debt.

This generation of twentysomethings is straining under the weight of college loans and other debt, a crushing load that separates it from every previous generation.

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Student Debt and the Class of 2009

www.projectstudentdebt.org

College seniors who graduated in 2009 carried an average of $24,000 in student loan debt. Meanwhile, unemployment for recent college graduates climbed from 5.8% in 2008 to 8.7% in 2009 - the highest annual rate on record for college graduates aged 20 to 24. Our new report, Student Debt and the Class of 2009, includes average debt levels for the 50 states and District of Columbia and more than 1,000 U.S. colleges and universities. READ HERE