Tuesday, July 31, 2012

Do You Have Student Debt? Tell Us About It.

Posted By on Tue, Jul 31, 2012 at 9:39 AM

An internally circulated survey of student debt has revealed some surprising facts about Boise Weekly staff. Of 18 respondents, half borrowed more than $10,000 to attend college, four received no other form of financial aid besides student loans, and four said that their higher education has not contributed significantly to their finding employment after graduation.

It's not an uncommon story: 60 million Americans have outstanding student loans totaling more than $1 trillion, and according to Forbes, 60 percent of college graduates don’t find work in their fields of study.

With so many in debt, student loans affect every sociological unit, directly or indirectly, from nuclear families to multinational corporations.

In the case of BW staffers, even though 39 percent of respondents were between the ages of 30 and 40 years old, only 11 percent of respondents indicated that they had no outstanding student debt, suggesting that the cost of education can follow adults well into their working lives—long after the completion of degrees.

Boise Weekly is researching an article about student debt in the Boise area, and we want to know what you have to say about it. Click on the link to the survey to share your own experience with student loan debt.

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