Student loan debt now exceeds credit card debt.

[Skink]

as reported on tonights Nightly business report.

Is that because record personal bankruptcies have now discharged enough massively inflated debt?

[shireen]

1. student loans, a new racket in the past 10 years?

When i was in college over 20 years ago, at a state university, i was able to pay for most of my tuition and living expenses on my own. i qualified for in-state tuition because i worked over 20 hrs a week.

Few weeks ago, a colleague (think he got his degree within the past 5 years) told me owed $90k in student loans. Doctors and PhDs enter the workforce owing over twice that amount.

:wtf:

How are people supposed to begin their lives in the 'real world' with such an awful weight on their shoulders?
:(

[Ruby the Liberal]

2. I owe $0 to credit cards. $30k to SallieMae.

Which can't be discharged. I think you make a good point. ALL debt can be discharged (loans, medical bills, etc...) with the exception of student loans which follow you beyond the grave.

[Skink]

3. Yikes!

I paid 30 a month for a few years. That was it. My school was pretty inexpensive but was a private school non the less. I had a tiny bit of scholarship but my god! E Gad!!!