Monday, April 18, 2011

Students are drowning in debt

To fund their education, students are taking on more and more debt. Unfortunately, much of this debt comes in the form of unsecured, private student loans. This is a very risky form of debt. Students are desperately trying to prepare for an increasingly uncertain economic future. Even in the best of times, this kind of debt could ruin college graduates financially before their careers have even started. Do students and their parents need a financial literacy lesson? Absolutely. Do these types of loans need more regulation? You betcha. Students are drowning in debt | LinkedIn

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