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Depressing Visualization Of The Increase Student Loan Debt Over 20 Years

Illustration for article titled Depressing Visualization Of The Increase Student Loan Debt Over 20 Years

Economic times are tough right now, I think we can all recognize this. But something that really gets by britches in a knot is how infrequently the political talking heads discuss the exponential increase in student loan debt among young Americans. This chart is proof as good as any to those who don't "believe" that our generation is massively in debt at least partially due to getting an education.

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Illustration for article titled Depressing Visualization Of The Increase Student Loan Debt Over 20 Years

Click to enlarge — though I'm sure you already get the point.

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DISCUSSION

sportzstar
sportz.star

Isn't the more important question what people went into debt for though? The problem is threefold - (1) the increase in cost and therefore debt, (2) the mantra and belief that every single person should get a four year college degree or suffer miserable failure forever, and (3) the fact that so many people are going into debt for liberal arts degrees (mine is in American Studies) and not engineering or science degrees — areas where skilled people are needed and jobs are available, or just eschewing college altogether and going to a trade school.

Regardless, it's unfortunate that we seem in the US to be throwing good money after bad without hope for return on investment.