September 25, 2012
Facing the Facts about Debt
“¢ Our nation soon will be $16 trillion in debt. The U.S. government is living way beyond its means””it is insane and can”t continue without cataclysmic results. But the government is essentially doing what the average American citizen is doing. “¢ A tsunami of student loan debt will be upon us soon as graduates leave college and enter the workforce with an unimaginable and unsustainable albatross of debt. The average debt load of 2012 graduates will hit “a record $28,700, projects Mark Kantrowitz, publisher of Finaid.org. That amounts to a $330 standard monthly payment. To handle that easily, he estimates,





