Why The U.S. Student Loan Bubble Is Going To Burst

120 Shocking Facts That Prove That College Education Has Become $4 A GIANT Money Making Scam by Test Score Breakthrough Test Success Systems The Student Loan Debt Bubble College students are borrowing 36% twice as much money as they did a decade ago. 24 of the students who began college in 2001 got a degree within four years. %24 2x Average yearly tuition is now: $27,293 That figure has grown by 29% in past five years. Today in America, about two-thirds of all college students graduate with student loan debt. $25,000 In 2010, the average college graduate had accumulated approximately $25,000 in student loan debt by graduation day. $1 Trillion Total student loạn debt passed the 1 trillion dollar mark in early 2012. Back in 1952, a full year of tuition at Harvard was only $600. Today, it is $35,568. II $600 > $35,568 The cost of college textbooks has The student loan default rate tripled over the past decade. has nearly doubled since 2005. 3х <5 Hours time 35% of U.S. students spend on studying per week. <30 Hours The typical U.S. college student time spent on academics. 24% 51% 7% Time Spent Sleeping Time Spent Socializing Time Spent Studying Number of TIK3 janitors that 30% have college of all college graduates degrees. end up taking jobs that don't even require college degrees. > 100,000 Studies show that there are not Enough Jobs For College Graduates. 5.9million Americans between the ages of 25 and 34 that are living with their parents. 24 12% Incomes for young Americans just keep falling. Since the year 2000, incomes for graduates between the ages of 25 and 34 have fallen by about 12 percent. 24 An increasing number of young college women are searching the Internet for "sugar daddies" who will help them pay their college bills. SOURCES: CREATED BY: 1:Student aid debt clock: Test Score Breakthrough http://www.finaid.org/loans/studentloandebtclock.phtml Test Success Systems 2:Pew Research Center http://www.pewsocialtrends.org/2011/05/15/is-college-worth-it/ www.teachingsolutions.org 3:The Economic Policy Institute http://www.post-gazette.com/stories/business/heard-off-the-street/newly-minted-grads-face-loan-loads-294820/ %24 %24 %24 %24 %24