Student Loans: Obama stated that these loans would double come - TopicsExpress

Student Loans: Obama stated that these loans would double come July 1 this year..In June 2010-The amount of student loan debt held by Americans exceeded the amount of Credit Card Debt" held by Americans ..At that time student loan debt totaled $830 Billion of which approx, 80% was Federal student loan debt and 20% was private student loan debt..In Oct.2011 the total amount of money owed in student loan debt was said to exceed 1TRILLION DOLLARS... It staggers the mind thinking what may be coming for tax-payers who fund these government loans.

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