” The student debt crisis continues to grow larger and more dangerous with each passing school year. The skyrocketing price for a college degree is causing an epidemic with student loans as more people rack up unsustainable amounts of debt to further their education. Using debt to obtain a degree can be beneficial if done properly, but there are certainly some states worse off than others when comparing debt to earnings .

 

With lenders handing out loans like candy, the amount of student loan debt in America has nearly doubled in the past five years, from $550 billion in late 2007 to $986 billion in the first quarter of 2013. In fact, two-thirds of recent graduates have student loans, with an average balance of more than $27,000, according to a new report from the Joint Economic Committee.”

 

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