Got Student Loans? You’re Not Alone!

Source: Guide to College Life

USA Today recently dropped a headline bombshell. Student loans taken out last year topped $100 Billion last year (first time this has happened). In addition to that staggering number, a Federal Reserve report indicated that total outstanding student loans are about to exceed $1 Trillion. (That figure is higher than Americans, the credit society, owe in credit card debt.)

Students are borrowing twice what they did a decade ago after adjusting for inflation, the College Board reports. Total outstanding debt has doubled in the past five years — a sharp contrast to consumers reducing what’s owed on home loans and credit cards.

The amount of student loans has continued to increase as the cost of college education continues to skyrocket. But, one student warns, today’s lending with have long-lasting effects.

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Gimme an ‘A’

'A'Been to college lately, say within the last 10 years? Did you get something less than an ‘A’? If you answered yes, you’re one of the few not receiving inflated A’s at the college level, according to a recent report by the New York Times. A recent study of 200+ four-year colleges and universities (both public and private) found that 43% of letter grades given were of the ‘A’ variety. Coming in a close second was ‘B’ (at 30%). According to the study’s authors Stuart Rojstaczer and Christopher Healy, this is a 12% increase in the ‘A’ grade in the last 20 years, and a 28% increase in A’s awarded back in the 1960s.

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