
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney
Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000



Comment of the Week: The Art Of The Backhanded Compliment
By Elie MystalBut we do like compliments, and we’ll take them anywhere we can get them.
The winner of this week’s Comment of the Week contest is a two-parter. The first comment was the ultimate backhanded compliment, while the follow-up was more like a “closed fist upside your head” compliment….
I pulled the Comment of the Week from the post on Rutgers Law’s questionable advertising practices, and the response from Dean Rayman Solomon.
The very first comment on that post was a nice one. Kind of:
Oh, why thank you. I’m being serious here — I actually think this commenter might be a decent person.
The follow-up commenter, on the other hand:
Whatever, tough guy. Everybody knows you’ll be spending your Memorial Day weekend piling barbeque onto purple plastic plates and stuffing your face, just like everybody else.
Including me. Because grilling is fun and BBQ is delicious. Sorry, what were we talking about?
Oh yeah, T-shirts. Send in your details via email, winning commenters, and we will send out your T-shirt (and maintain your anonymity, of course).
Earlier: Rutgers Law Dean Offers Nonsensical Response To Transparency Criticism
Tags: Comment of the Day, Comment of the Week, Fat People