The State of Student Loans
Student debt, currently at a collective $1.2 trillion, is second only to mortgages when it comes to household debt in the United States.
Read this infographic, which illustrates data pulled from the Tax Policy Center, the Urban Institute and the Brookings Institute, to get the goods on the various types of student loans, the vocabulary you need to jump through the student aid hoops, and the current trends in borrowing for education. Scroll through to learn about the difference between subsidized and unsubsidized loans, and discover which age brackets owe the most. (Note: As of October 2015, the Federal Perkins Loan Program has expired.)
This infographic also explores the reasons for the rise in student aid debt, such as an increase in enrollment and an increase in cost. With all this taken into account, is a college degree worth it? Read through the infographic to find out the answer!