A record one in five households now own student loan debt. These charts come from a fascinating (horrifying?) Pew study on the subject, which you can read in full here.
![New data shows that 9.1% of student-loan holders default within their first two years out of school. Still, the National Association of Student Financial Aid Administrators says that upward line isn’t as bad as it looks. “While it’s too soon to tell whether this signifies a leveling off of recent dramatic increases … NASFAA is pleased that the rate of increase has slowed,” the group said in a statement.
Read more [PDF].](http://24.media.tumblr.com/tumblr_mb2vkyuUkf1r5n2x0o1_500.png)
New data shows that 9.1% of student-loan holders default within their first two years out of school. Still, the National Association of Student Financial Aid Administrators says that upward line isn’t as bad as it looks. “While it’s too soon to tell whether this signifies a leveling off of recent dramatic increases … NASFAA is pleased that the rate of increase has slowed,” the group said in a statement.
My student debt could buy 4,395.6 Chipotle burritos.
… and you can find out how many burritos (or cars or houses or rental payments) yours would buy at this cool website on student debt.
I’m suddenly craving Mexican.
Student Loans Kill: The Student Loans Kill Petition: SIGN IT AND PASS IT ON!
If you’re struggling to pay credit card debt, car loans or even gambling debt, you can wipe the slate clean in bankruptcy. Struggling to pay your student loans? Sorry, you’ll just have to figure that one out on your own...
This has been pinned to the top of our Tumblr feed all day, and I’m wondering what readers think. Student debt is crippling, sure. But isn’t there something to be said for avoiding that kind of debt in the first place? Very curious if you have opinions on this.
The full petition, for background, is here.
Tuesday Talkback: What do you worry about most, when it comes to money matters?
Hi Tumblr! It’s Tuesday, which means a new edition of Tuesday talkback. This question comes courtesy web editor Stacy Rapacon, who tweeted it out on @SOKiplinger earlier today.
I’ll go first: My biggest worry is spending less than I make each month. Living in a big city and graduating from a private college means I have a ton of expenses — particularly rent and student loans. In the past six months I’ve exceeded my budget twice, and it really stresses me out. I check Mint.com like it’s my job. (Which maybe it is, since I work at a finance magazine.)
What about you?
