yahoofinance: What a Trillion Dollars in Student Loan Debt Looks Like Yesterday, President Obama signed a memorandum allowing federal government borrowers to spend no more than 10% of their income ... more 
yahoofinance: What a Trillion Dollars in Student Loan Debt Looks Like Yesterday, President Obama signed a memorandum allowing federal government borrowers to spend no more than 10% of their income monthly to pay down their debt.  This comes ahead of today’s Tumblr Q&A on education and college affordability with the president at the White House, so we thought we’d take a quick glimpse at the insane growth in student loan debt in the US and offer a few related links for your perusal. The chart above, from a recent comprehensive study by the NY Federal Reserve, shows the growth in student loan debt by age group. Big pic, and slice it anyway you want, by now we’ve surpassed 1 trillion dollars in total student loan debt and that is a lot of donuts. We are curious to hear much more about the president’s plan and, more generally, what he might do to reverse this ominous debt trajectory. Now here are a few related links to get you up to speed ahead of today’s Q&A in the nation’s capitol: Tune In Here - Tumblr Goes to the White House (White House Tumblr) Obama to Expand Program Easing Student Loan Repayments (Yahoo News) Measuring Student Debt and Its Performance (NY Fed Reserve Bank) The growth of US student loan debt: causes and consequences (FT Alphaville) Student Loans Rising (Brookings Institute) less 
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Thu, Aug 28, 2014 4:41 PM EDT