The total of student loans has reached the 1 Trillion Dollar.
http://www.washingtonmonthly.com/colleg … ar_day.php
If you consider the number of student enrollments in the US to be in the range of 20 million, simple math gives an average of 50 thousand per active student. If you subtract the lucky students that do not require loans, the average will only increase. We end up in a situation, where student debt is in the range of 100% yearly income.
Isn´t this system flawed?
Truly--it's to the point of hilarity....really? There is no such REAL thing as 1 trillion dollars. It's a concept, nothing more. And yet....it controls the whole world. Amazing.
I think money has had its time. Not a real solution I know...it just struck me how silly it all is!
Have a great day! I'm off to earn my pittance--lol.
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