A non-profit organization dedicated to the eradication of all student loan debt through activism, education, and legislation; because student loan debt is dangerous to the US economy and to the health and well-being of individual Americans and their families. CRYN JOHANNSEN, Founder & Executive Director
Wednesday, August 11, 2010
No surprise here - recent article by M. Pilon states that student loan debt now surpasses credit card debt
Is anyone here that surprised that the WSJ article states that student loan debt is higher than credit card debt? That's why it's a crisis, and why I've been raising awareness with countless volunteers for well over a year.
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Educational loan total balances are actually over $900 billion. Oh well, a reporter facing a deadline meets a garrulous but error-prone pundit: results are predictable.
Another one-sided story. Most students don’t borrow, and for the vast majority who do borrow, the debt is quite manageable. Oh well, I guess an article about a borrower paying $150 per month for several years is too boring for the newly-chic WSJ . . .
Provide me with the evidence that debt is quite manageable. I don't buy it. On that note, I will be sending your comments to two contacts I have in the Dept. of Education. I'd like to see proof of this claim.
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