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Tuesday, May 29, 2012

''The Coming Meltdown in College Education & Why The Economy Won’t Get Better Any Time Soon''

From BlogMaverick
By Mark Cuban

''Its far too easy to borrow money for college.  Did you know that there is more outstanding debt for student loans than there is for Auto Loans or Credit Card loans ? Thats right. The 37mm holders of student loans have more debt than the 175mm or so credit card owners in this country and more than the all of the debt on cars in this country. While the average student loan debt is about 23k. The median is close to $12,500. And growing. Past 1 TRILLION DOLLARS.

We freak out about the Trillions of dollars in debt our country faces. What about the TRILLION Dollars plus in debt college kids are facing ?''

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