Rising College Costs Result in High Debt for College Graduates

A September 30, 2007 article from The Associated Press reports that, since 2001, the amount of private student loans that have been issued each year has increased from $4 billion to $17 billion. With the aggregate limit on government-guaranteed student loans remaining constant for nearly 15 years, and the cost of college increasing, students are turning to private loans to pay for their education. For some college graduates, the burden of debt is preventing them from traveling or purchasing a home. The article includes a side-bar, which has a list of questions students should ask potential private lenders.

The article is available at the USA Today Web site.