College students continue culture of debt

When it comes to taking on debt, college students continue to behave like home equity addicts in a rising real estate market. Student loans for the 2006-2007 averaged $4,337 per full time student, up from $3,415 ten years ago (figures are in 2006 dollars), according to a College Board study. Borrowing to foot today's education with the assumption that the first real job after graduation will pay it all off can be a dangerous game, especially if that first post-graduate job is in teaching and not law.

See the Trends in Student Aid report at http://www.collegeboard.com/prod_downloads/about/news_info/trends/trends_aid_07.pdf