Barbara Correa writes about work and family for the Los Angeles Daily News.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