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Graduating with a Degree in Debt: The Average Student Debt Balance for Seniors is now $40,000

August 30th, 2017
Categories: News

Link: http://www.moneynewsmagazine.com/economy/graduating-with-a-degree-in-debt-the-average-student-debt-balance-for-seniors-is-now-40000/

Average student loan balance for graduating seniors is now $40,000. Per capita wage of Americans is in the high $20,000 range. Student debt is one of those categories where your ability to pay said debt back is completely devoid from reality. You can go into one hundred thousand dollars of debt for a degree in art that has little earnings potential. There is now $1.4 trillion in student debt floating out in the system. People are having a harder time paying it back. high delinquency rates for student loans.

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