Debt

  1. University of Richmond’s The Collegian newspaper breaks down the two presidential candidates by comparing key numbers and facts checked by Politifact, just in time for a refresher before Election Day.

    thecollegianur.com »

  2. thedailyfeed:

    College life is getting a reality check! A new study finds that students are giving up expensive schools and living at home instead of on campus in order to manage the sprawling cost of a college education. 

    The average amount families are spending on college is down by 5 percent, and more parents and students are choosing a college based on cost, according to the annual report conducted for Sallie Mae, the country’s largest lender to students.

    “This really reflects the economic conditions that we see today,” said Sarah Ducich, a senior vice president at Sallie Mae. “We are seeing families make adjustments, saving more money and being more cost-conscious.”

    (via thedailyfeed)

    thedaily.com »

  3. I’ve seen the articles that grown-ups have written about the millennials, characterizing a coddled generation that refuses to grow up. Even with all the self-esteeming and expensive education in the world, these kids still think they can click “like” to change the world, everyone says. Who’s to blame? Where did we go wrong? While these 26-year-olds toil in coffee shops or at unpaid internships waiting to be handed their promised dream jobs, who’s going to pay back all their damn student loans?”

    npr »

  4. theweekmagazine:

BANKRUPT USAA numerical look at the average family’s financial struggles:
$126,400 Net worth of the median American family in 2007
$77,300 Net worth of the median family in 2010
40 Percentage drop in wealth over that three-year period
15.2 Median percentage of debt that was education-related in 2007
19.2 Median percentage of education-related debt in 2010
7 Percentage of Americans late on their debt payments in 2007
11 Percentage late on payments in 2010
The dwindling wealth of the American family: By the numbers

    theweekmagazine:

    BANKRUPT USA
    A numerical look at the average family’s financial struggles:

    $126,400 
    Net worth of the median American family in 2007

    $77,300 
    Net worth of the median family in 2010

    40 
    Percentage drop in wealth over that three-year period

    15.2 
    Median percentage of debt that was education-related in 2007

    19.2 
    Median percentage of education-related debt in 2010

    7 
    Percentage of Americans late on their debt payments in 2007

    11 
    Percentage late on payments in 2010

    The dwindling wealth of the American family: By the numbers

    theweek.com »

About The 12

The 12 is a group Tumblr of The Washington Post and student journalists in 12 battleground states documenting the 2012 presidential election and capturing perspectives of young voters.

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