Bankruptcy Among College Grads on the Rise

A college degree doesn't always pave the way to financial security.

A new study finds that bankruptcy is on the rise among college grads.
Over the past five years the rate of college graduates filing for bankruptcy increased by 20%.

More than 60% of filers were married.

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  • by Bilbo Location: Panama on Sep 14, 2011 at 12:29 AM
    College is a scam, I saw a news story on a Harvard graduate suing Harvard over misleading him into paying way to much for a worthless degree. He ended up flipping burgers, with around a million in debt... Even if you make it through and get a job in your field you still owe a ton of money, and have to pay for all your expenses, most people need a new home, a new car.. You finally get that all paid by retirement, but then where is retirement fund? You bought all that on credit, the interest rates are outrageous, and you're stuck living hardly any better than any intelligent (somewhat fortunate) man who went out and learned the value of hard work, dedication, and not getting wrapped up in loan scams... Especially if you were brave enough to try to have a modest family and take care of them adequately... Debt slavery, that's what college get's us common people...
  • by ittybittyme Location: pc on Sep 13, 2011 at 09:10 AM
    sallie mae not being able to charge their high interest rates and fees anymore should help in the next few years but sallie mae caused a lot of financial damage to our college kids
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