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originally posted by: snarky412
reply to post by xuenchen
Student loan balances in Jan 2009 were $119,803,000,000.
Now that balance is a whopping $674,580,000,000.
As you stated, if they are being educated and able to find a job, that's wonderful.
However, if all it is doing is causing these young folks to start life off in debt with no decent job to look forward too, well that's not very promising at all.
Lesson to be learned here people. Never, ever, under any circumstances, take out a student loan.