A Look at College Student Debt in America

It may take a village to raise a child, but when it comes time to pay for college, you might feel very alone. College tuition costs have risen over 500 percent in the last 60 years, and the average family isn’t able to pay for the cost of higher education without assistance.

Having three young kids of my own, I worry about what will happen when they want to go to college. I worked hard to go to college and my parents did everything they could to get me there comfortably, but by the time my kids are ready to go off to school, I might still have my own student debt hanging over my head. Yes, you heard correctly—I’m still working to pay off loans that we took out over a decade ago.

With that in mind, I did some research on student loan debt throughout the US, and was disturbed by what I found. With the help of ConsolidatedCredit I was able to put together this infographic to share these eye-opening statistics. Check it out below: It’s unclear whether or not tuition prices will keep rising at the same rate they are now, but as it stands I know I’m going to have to start saving early.

What do you think of these numbers?

Comment Via Facebook
Guest Writer
Akron Ohio Moms will occasionally publish content from exciting partners. Only 100% original content is considered. We limit the number of guest posts to ten percent or less of our overall publishing goals. Articles must be relevant to our audience.
Sign up for our Ohio Specific Newsletter- Each Email Focused on Only our best Fabulous Local News and Ideas!
  • This field is for validation purposes and should be left unchanged.

Leave a Reply

Share via