|
6/14/2006
A June 12, 2006 article from USA Today reports that some college students are graduating with debt levels that impact their ability to work and live where they want. While the average debt for this year's graduating college seniors was $19,000, a small but increasing number of students leave college with debt that exceeds $100,000. Needing to make monthly student loan payments prompts some individuals to avoid lower-paying public service jobs, and also causes some to postpone buying a house or getting married. According to U.S. Census Bureau estimates, over the course of a lifetime college graduates earn an average of $1 million more than their peers with only a high school diploma. However, higher salaries typically come later in one's career, while repayment of college debt begins once the student graduates.
The article is available at the USA Today Web site.
|
