Foliotek Blog

Student Loan Debt

Student loan debt. Yeah, I said it. It's a hot topic. Everyone talks about it. Well, almost everybody. I'd wager that the people who are most impacted by that debt don't talk about it. At least not until it's too late. High school seniors get the magical money and head off to school. Only the magical money doesn't come from Mickey Mouse, it's Uncle Sam.

A few months back, I ran across this ridiculously amazing, and frightening, infographic from www.creditsesame.com. I've seen it pop up on a few blogs over the year and thought it would be good to share here as well.

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I'm sharing because I think this image does an excellent job of conveying the problem in visuals. The more ways we can look at the issue, maybe we can find a solution. And since it isn't good to just talk about the problem without offering up a solution, I thought I'd throw out one possible way to attack the problem. It's using an existing system called ... wait for it ... "education."

Wouldn't it be great if every high school college prep senior had to take an eight week course focused on understanding and managing their anticipated college debt (mic drop).

Would it be effective? I have no idea. But I do know that this country can't sustain a debt crisis greater than its current national debt. Something's gotta change. Just check out the graphic for yourself.

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