Trying to Shed Student Debt

Posted by Kendall Harmon

In the past decade student debt has surged as tuition and enrollment climbed. At the same time, college graduates' earnings have declined. The average debt load of all new graduates rose 24%, adjusted for inflation, from 2000 through 2010, to $16,932, says the Progressive Policy Institute, a left-leaning think tank in Washington. Over the same period, the average earnings of full-time workers ages 25 to 34 with no more than a bachelor's degree fell by 15% to $53,539.

Terri Reynolds-Rogers, a 57-year-old health-program manager from Palmer, Alaska, declared bankruptcy in 2007, but still has $152,000 in student debt. She said she dropped out of medical school in 1999 to care for her two children after her husband died of brain cancer.

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Filed under: * Culture-WatchEducationLaw & Legal IssuesYoung Adults* Economics, PoliticsEconomyPersonal FinanceThe U.S. GovernmentPolitics in General

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Posted April 28, 2012 at 12:12 pm [Printer Friendly] [Print w/ comments]
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