United States Students Drown in a Sea of Debt

American university students are beginning the new year with a mountain of debt. There is now $850bn owed in outstanding tuition costs and paying back the money is an ongoing challenge.

Two in every three American students graduate with loans outstanding, and the current debt is 11 times the total it was just two decades ago.

The average yearly cost of a bachelor’s degree in the US is between $5 000 and $43 000, compared to just over $5 000 in Canada and $1 300 in much of the European Union.

Experts say a college degree is an important investment, but in a difficult job market it is an investment that could take a lifetime to pay off.

Al Jazeera‘s Tom Ackerman reports.

 

For more about this subject watch this compelling documentary called College  Conspiracy.

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About debtcrisis
Alan Vincent provides insightful commentary on global events from a biblical perspective. He is the founder of a PropheticAlert, a prophetic spiritual discernment ministry that attempts to interpret the evolving chaos and crisis coming upon the earth, in light of Biblical revelation and prophesy. Alan's role as a Prophetic Watchman is to warn of the enormous financial Tsunami that is coming upon the earth - a tidal wave of financial crisis and anguish as the world has never seen throughout all of history.

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