Student loan debt is now the largest consumer debt in the US--$1.7 Trillion, with the average student
Question:
Student loan debt is now the largest consumer debt in the US--$1.7 Trillion, with the average student debt loadof around $40,000 for students who have already completed their education.
A student who starts out at a public Texas university with room & board for four years, will pay approximately $120,000 for a bachelor's degree. A private school like TCU/SMU will cost in the neighborhood of $320,000 for that four-year degree ( this amount will be almost impossible to ever pay off, as it will double every 8-10 years).
1. How do you feel about student loans?
2. Do colleges and universities bear any ethical responsibilities in this student loan catastrophe?
3. List the strategies that a student can use to keep their total student debt under $30,000 for a bachelor's degree.
Statistics For Business And Economics
ISBN: 9780538481649
11th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams