We came to realize that our aggregate reported student loan balance was at the low end of the substantial range of publicly available sources.
The New York Federal Reserve, after revising its August 2011 calculation of outstanding student loan debt from $550 billion to $845 billion–an increase of 53.7 percent.
“I don’t think I could do it [campaign for Obama] anymore,” she said. “That campaign was an amazing experience. But I don’t think I’m in the same mind-set anymore. He hasn’t really addressed the young people, and we helped him to get elected.”
Emma Guerrero, as quoted in the a New York Times piece, […]
. . . [S]tudent loan debt across the country is expected to reach a shocking $1 BILLION this year.
Americans for Prosperity Texas Blog. Try $1 trillion. Should be about 1,000 times more shocking.
The efforts to make college affordable to all and accessible to most have resulted in our enticing tens of millions of young people into assuming a destructive level of debt.
Peter Wood, “Investing in Debt,” Chronicle of Higher Education (Aug. 5, 2011).
- Pwn (v.) Slang term derived from the verb own, as meaning to appropriate or to conquer to gain ownership. The term implies domination or humiliation of a rival.