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This Shocking Chart Reveals The Ugly Truth About Student Loan Debt (IMAGE)

The depth of the student loan problem isn’t news to Liberal Americans, but this simple graphic reveals just how deep the problem is — and how rich the U.S. government and banks are getting from the backs of our most valuable Americans: our students who are fresh out of college.

We can’t afford more Pell Grant reductions. The 2013 maximum allowance was $5,635, which covers less than one-third of the cost of college. This is the lowest since the start of the program. We can expect a funding gap in 2015.

Here is a frightening fact: college costs are rising four times faster than income and two and a half times faster than Pell Grants. Sen. Elizabeth Warren has introduced a bill to reduce the burden of student loan debt.

Are you crippled by student loan depth? Let us know your thoughts at the Liberal America Facebook page.

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Source:?http://www.clasp.org/documents/Final-RADD-WhitePaper-Feb-2013.pdf

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Written by Tiffany Willis Clark

Tiffany Willis Clark is a fifth-generation Texan, a proponent of voluntary simplicity, a single mom, and the founder and editor-in-chief of Liberal America. An unapologetic member of the Christian Left, she has spent most of her career actively working with “the least of these" -- disadvantaged and oppressed populations, the elderly, people living in poverty, at-risk youth, and unemployed people. She is a Certified Workforce Expert with the National Workforce Institute, a NAWDP Certified Workforce Development Professional, and a certified instructor for Franklin Covey's 7 Habits of Highly Effective Teens. Follow her on Twitter, Facebook, or LinkedIn. She also has a grossly neglected personal blog, a  Time Travel blog, a site dedicated to encouraging people to  read classic literature 15 minutes a day, and a literary quotes blog that is a labor of love. Find her somewhere and join the discussion.

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