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.
by logic,commonsense5 years ago
Read an article on MSN that the projected deficit for this year is 1.5 trillion dollars. Makes bush look like a piker with his measly 3-400 billion dollar deficits.Course there will be those that forget that bush...
by qwark5 years ago
A billion:A billion seconds ago it was 1959!A billion minutes ago jesus alledgedly lived!A billion hours ago our ancestors were living in the stone age!A billion days ago no one walked upon the earth on 2 feet!Now,...
by CMHypno6 years ago
Do you think this will happen?http://www.dailymail.co.uk/news/worldne … e-GDP.html
by Eric Graudins7 years ago
Hi,Recently a feature film named I.O.U.S.A. was released, which is about the enormous debt burden that is crippling the USA.A 30 minute version has just been released on You Tube at...
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