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Recovery threatened by runaway student loan debt

Education used to be considered an investment in the future by both the student and the state. Now it's become a burden to both? In many other nations, governments still pay substantially all the costs for university students...

1:25 PM Apr 03 2012

1:38 PM Apr 03 2012

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This message is lost among today's students especially when Peter Thiel sounds so logical.

1:48 PM Apr 03 2012

1:40 PM Apr 03 2012

Biggest reason for default: not finishing the degree you took out the loans to get. Next biggest reason: not finishing on time. It's one thing if failure to graduate is caused by personal problems... but I've read that increasingly students can't even get the classes they need to complete their degrees promptly.

1:52 PM Apr 03 2012

"Surging above $1 trillion, U.S. student loan debt has surpassed credit card and auto-loan debt."

I wonder how much of those loans are guaranteed to be paid by governments if students default or go bankrupt.

5:44 PM Apr 03 2012

It affects all levels.

Disgruntled law school graduates are suing their former schools: http://abovethelaw.com/2011/12/calling-all-disgruntled-law-school-graduates-will-you-ring-in-the-new-year-by-suing-your-school/

7:01 PM Apr 03 2012

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