On Student Loan Debt

Michael Haltman:

The cartoon below provides a tongue-in-cheek alternative payback method for unemployed or under-employed recent college graduates!

Currently the recent college graduate unemployment rate in the nation is running in the range of 8.5% compared to the overall national average under 6% (new employment data will be released tomorrow).

This statistic, when coupled with an average individual student loan debt burden of more than $29,000 and outstanding aggregate student loan debt nationally above $1 trillion, poses a problem.

In addition there are few parents of college-age students who haven’t heard the stories of college graduates unable to find full-time work in their chosen field instead taking part-time jobs or unpaid internships simply to build their resume.