Student loan | <b>Student Loan</b> Bubble: The Next Economic Implosion <b>...</b> |
| <b>Student Loan</b> Bubble: The Next Economic Implosion <b>...</b> Posted: 21 Aug 2014 05:25 PM PDT Student loan debt has risen more than five-fold since 2003. This Mt. Everest of debt is promoted and backed by the government — just like sub-prime mortgages prior to the 2007-2009 financial crisis. Will the student loan bubble be the next economic disaster? 17 Total Views 1 Views Today  |
| <b>Student Loan</b> Debt Can Lead to Poorer Health, Middle-Age Malaise <b>...</b> Posted: 07 Aug 2014 06:59 AM PDT People saddled with big college loans are more likely to suffer from poor health and have a less upbeat attitude to life in middle age, a poll of graduates shows. Gallup Education and Purdue University asked some 30,000 Americans who earned four-year degrees in the last 24 years to gauge their well-being by evaluating their physical health, ties to community, financial stability and sense of purpose in life. Debt-laden graduates scored lower in all four than their debt-free counterparts, sometimes by a wide margin. Only 25 percent who started with more than $50,000 in debt are thriving financially, 15 percentage points lower than debt-free grads. Even among those graduating prior to 2000, there was a 13-percentage-point gap. Older grads also scored lower on measures of physical health and a sense of purpose in life, although they pulled nearly even in community ties.
- Martha C. White First published August 7 2014, 7:03 AM |
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