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.


h/t SavvyRoo

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