The NY Times had a fascinating article about student loans recently. It discussed the problems faced by the youth of today as they try to get an education and college degree. The rising cost of tuition is forcing students to go deeper and deeper into debt and they’re having an increasingly difficult time paying it back.
Some of the reasons for the increasing student loan drama include state budget cuts have pushed more of the responsibility to students and a normalization of debt that leads students and their parents to accept debt as a way of life without realizing how crippling a situation they will soon find themselves in.
Below is the link to the NY Times article and some other interesting posts we’ve enjoyed recently…
A Generation Hobbled by the Soaring Cost of College | NY Times
The College Education Bubble and Crash | Consumerism Commentary
When a Woman’s Work is Done | Get Rich Slowly
Contently: Trying to Connect Freelancers with Higher Paying Clients | Planting Money Seeds
Frugal Zeitgeist is crap…. But that is going to change! | Frugal Zeitgeist
Buying Only Stocks That Pay Dividends | Cash Flow Mantra
Making Money Too Fast Destroys You And Everything Around You | Financial Samurai
Why Payday Loans are So Dangerous | Canadian Finance Blog