Congratulations, graduating class of 2011. You've pulled all-nighters, subsisted on ramen for weeks, and worn pajamas to class, all to achieve the beautiful shining goal of a college degree. Add to that another distinction, one that probably won't be mentioned during too many commencement speeches. You're also graduating with the highest debt of all time, an average of $22,000 a person. Hope that business about a degree giving you a higher earning potential is true, because you're gonna need it.
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And this doesn't include the PLUS loans most student's parents take out. That could add another 10 grand.
ReplyDeleteObama is throwing a party about this, and is delighted as heck.
ReplyDeleteWhat are you going to do in 2012 at the voting booth?
I seem to recall that the moves by pres. obama to save students alot of money in interest payments by taking some of these loans out of the hands of the likes of Sallie Mae were met with jeers of "socialist takeover" from the right
ReplyDelete