For college hopefuls and college grads alike, the reality of higher education is growing remarkably dim. Tuition rises every year, employment opportunities aren’t improving, and student loan debt has surpassed the $1 trillion mile marker.
As owner of NBA team the Dallas Mavericks and successful entrepreneur Mark Cuban noted on his blog, “We freak out about the trillions of dollars in debt our country faces. What about the trillion dollar plus debt college kids are facing?”
More than 37 million Americans are burdened with student debt, and they’re falling more behind on their student loans than ever before. Long-term delinquency rates for student loans are higher than delinquency rates of car loans, mortgages and home equity lines of credit.
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