Now more than ever students are mired in debt. In America, student loan debt has amounted to a staggering $1.2 trillion; an estimated 40 million of its young citizens are beset with it. In the UK, student debt is set to cost the government £8 billion in write-off programs over the next three decades.
Image: flickr.com/photos/56155476@N08
Many of these loans follow individuals into old age. According to the US Government Accountability Office, adults aged 65 and above, representing 706,000 American households, were saddled with $18.2 billion in student debt in 2012. GAO estimated that 7 million ended up defaulting on, or failing to repay, the loans.
Image: flickr.com/photos/56155476@N08
Many of these loans follow individuals into old age. According to the US Government Accountability Office, adults aged 65 and above, representing 706,000 American households, were saddled with $18.2 billion in student debt in 2012. GAO estimated that 7 million ended up defaulting on, or failing to repay, the loans.
