Total Student Debt In America Now Exceeds The Cost Of Iraq War
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Title : Total Student Debt In America Now Exceeds The Cost Of Iraq War
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Title : Total Student Debt In America Now Exceeds The Cost Of Iraq War
link : Total Student Debt In America Now Exceeds The Cost Of Iraq War
news-today.world | We’ve all seen the headlines: the cost of university education in the United States has become completely debilitating. And student debt keeps rising to record high levels.
It’s almost commonplace now for a 22-year old to graduate from university with $50,000+ in student debt.
According to data from the Federal Reserve, the total amount of student debt in the United States is now $1.5 trillion.
As SovereignMan.com's Simon Black notes, that’s more than the estimated $1.3 trillion in direct costs that the government spent fighting the War in Iraq.
What’s probably even more bizarre is that the US government actually owns about 70% of those student loans– a total of $1.06 trillion.
I discovered this over the weekend when I was reviewing the federal government’s recently published financial statements for fiscal year 2017.
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It’s almost commonplace now for a 22-year old to graduate from university with $50,000+ in student debt.
According to data from the Federal Reserve, the total amount of student debt in the United States is now $1.5 trillion.
As SovereignMan.com's Simon Black notes, that’s more than the estimated $1.3 trillion in direct costs that the government spent fighting the War in Iraq.
What’s probably even more bizarre is that the US government actually owns about 70% of those student loans– a total of $1.06 trillion.
I discovered this over the weekend when I was reviewing the federal government’s recently published financial statements for fiscal year 2017.
More
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You are now reading the article Total Student Debt In America Now Exceeds The Cost Of Iraq War With link address https://newstoday-ok.blogspot.com/2018/03/total-student-debt-in-america-now.html