Student loan debt surpasses credit card debt
Recently the amount of student loan debt in the US surpassed the outstanding amount of credit card debt. This is a hard pill to swallow for recent graduates whose financially-strapped parents are unable to help financially and who are facing one of the most dismal labor markets in the past 70 years. As I blogged about yesterday NPR is going a 5-day series called “Money Counts” in which they are examining youth and fiscal literacy. In this broadcast they take a deeper look into student loan debt and provide some helpful hints for those who are entering college.