Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. student loan debt is now the largest consumer debt

Student loan debt is now the largest consumer debt in the US-- $1.7 Trillion, with...

50.1K

Verified Solution

Question

Accounting

Student loan debt is now the largest consumer debt in the US-- $1.7 Trillion, with the average student debt load of around $40,000 for students
who have already completed their education.
A student who starts out at a public Texas university with room & board for four years, will pay approximately $120,000 for a bachelor's degree.
A private school like TCU/SMU will cost in the neighborhood of $320,000 for that four-year degree.
I have personally counseled several students with well over $100K of student debt, and at least two who had over $200K of student loans, ( this
amount will be almost impossible to ever pay off, as it will double every 8-10 years).
How do you feel about student loans?
Do colleges and universities bear any ethical responsibilities in this student loan catastrophe?
List the strategies that a student can use to keep their total student debt under $30,000 for a bachelor's degree.
Site sources.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

22 Refer to Figure 941 above Describe the spatial distribution for the D climate types...

Biology
Q

Describe a scenario where a researcher could use a One-Way ANOVA to answer a research question....

Basic Math
Q

The following factors must be taken into consideration when proposing a mechanism for a nucleophilic substitution...

Chemistry
Q

Describe in detail a minimum of 4 ways in which taste is an integrated sense. Your...

Medical Sciences
Q

How do Scientists think our sun was created, or born?Other life forms constructed gravitational hydrogen...

Biology
Q

Rafner Manufacturing identified the following budgeted data in its two production...

Accounting
Q

Terri Ronsin had recently been transferred to the Home Security Systems Division of National Home...

Accounting
Q

The cost per equivalent units of direct matesials and conversion in the Botting Deportment of...

Accounting
Q

Match each of the financial statements to the corresponding business form. 6- Statement of...

Accounting
Q

Income statements for Stuart Company for Year 3 and Year 4 follow. Required a. Perform...

Accounting
Q

Residual income is the difference, measured in dollars, between: A....

Accounting
Q

Condensed financial data of Pina Company for 2025 and 2024 are presented below. Additional...

Accounting