This AP story explains that
that 22.4 million [U.S.] households, or 19 percent, had college debt
in 2010. That is double the share in 1989, and up from 15 percent in
2007, just prior to the recession — representing the biggest three-year
increase in student debt in more than two decades. … that 22.4 million households, or 19 percent, had college debt
in 2010. That is double the share in 1989, and up from 15 percent in
2007, just prior to the recession — representing the biggest three-year
increase in student debt in more than two decades. … As a share of household income, the debt burden was the greatest for the
poorest 20 percent of households, or those making less than $21,044. In
all, 40 percent of U.S. households headed by someone younger than age
35 owed college debt, the highest share of any
age group.
The AP story is based on a new study from the Pew Research Center.
As a share of household income, the debt burden was the greatest .
I am faced with student loan debt as well. I have been seeking a debt management professional to help guide me through this long and grueling process. Even before I graduated college I knew that I would be faced with this problem, but didn’t realize how difficult it would be to get through it. I hope I make it to the end.