1. Student Loans For the Win

    Mary Pilon at the Wall Street Journal tells us that total outstanding student-loan debt has now overtaken total outstanding credit-card debt:

    WSJ: Student Loan Debt Surpasses Credit Cards

    As of June, there was roughly $830 billion outstanding in student loans, compared to $826 billion in credit-card debt.

    Swell, ain’t it? I tell you, this country can strap on the anchors and leg chains of debt like nobody’s business.

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  2. 3 Responses to "Student Loans For the Win" ...

    1. On August 13, 2010 @ 1:04 pm,
      Ian wrote:

      This one at least can be explained/excused, how many experts have you heard harping over the last X number of years, telling people, this was good debt, because they were investing in themselves.

      Actually about the same as were telling people (pre 2006) that mortgage debt was good and they should stretch to buy a house because house prices were appriciating assets.



    2. On August 13, 2010 @ 2:49 pm,
      Michael wrote:

      You mean house prices can go down?

      Since when?



    3. On August 14, 2010 @ 10:59 pm,
      finance4youth.com wrote:

      I have the hardest time getting students to understand that they will ultimately be better off if they don’t incur debt. There are so many more advantages to paying for school out of pocket.



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