A twenty-something's musings on my generation, politics, education policy, and the world around me
Mine went on my clarinet case! It took me seriously eleventy billion tries to get it on straight, so you can rest assured that they really are ultra-removable :)Rest: assured!
Found this online. Don’t know who made it, but you’re amazing, whoever you are. I love it.
Obamacare turns 2. Here are the facts about what Americans have already gained.
“WE DON’T CARE ABOUT YOU OR YOUR FACTS!!!”
— Republicans
![theatlantic:
The Real Meaning of $1 Trillion in Student Loans
If the Consumer Financial Protection Bureau is right, the total outstanding student loan debt in the United States now stands at above $1 trillion dollars. In economic terms, that changes very little about what we already knew regarding college borrowing. The Federal Reserve Bank of New York had previously pegged the figure at $870 billion by the end of 2011. Either number would be larger than America’s collective credit card balance.
But psychologically, it’s a sad threshold. A trillion dollars — it brings home just how enormous the burden is quickly becoming. […]
And so we’ve reached a point where two-thirds of college seniors now graduate in debt, where a total of 37 million Americans now owe money on their education. Sixty-seven percent are between the ages of 18 and 39, but recent research suggests the fastest growing group of borrowers may bein middle age — people who have been laid off from jobs or are afraid their professional skills aren’t fresh enough to keep up with a changing economy. Among all borrowers, the median balance is $12,800. Thanks to a select group of students who are deeply in debt, the average is skewed higher, at $28,000. For young graduates — or dropouts, for that matter — the debt will drag on their finances well into adulthood. For the adults, it’s an investment they may not have a time to recoup.
Read more. [Image: Reuters]](http://25.media.tumblr.com/tumblr_m1ccm5wDzP1qcokc4o1_500.jpg)
The Real Meaning of $1 Trillion in Student Loans
If the Consumer Financial Protection Bureau is right, the total outstanding student loan debt in the United States now stands at above $1 trillion dollars. In economic terms, that changes very little about what we already knew regarding college borrowing. The Federal Reserve Bank of New York had previously pegged the figure at $870 billion by the end of 2011. Either number would be larger than America’s collective credit card balance.
But psychologically, it’s a sad threshold. A trillion dollars — it brings home just how enormous the burden is quickly becoming. […]
And so we’ve reached a point where two-thirds of college seniors now graduate in debt, where a total of 37 million Americans now owe money on their education. Sixty-seven percent are between the ages of 18 and 39, but recent research suggests the fastest growing group of borrowers may bein middle age — people who have been laid off from jobs or are afraid their professional skills aren’t fresh enough to keep up with a changing economy. Among all borrowers, the median balance is $12,800. Thanks to a select group of students who are deeply in debt, the average is skewed higher, at $28,000. For young graduates — or dropouts, for that matter — the debt will drag on their finances well into adulthood. For the adults, it’s an investment they may not have a time to recoup.
Read more. [Image: Reuters]
JUSTICE must be served.
If we dont take a stand, then who……?
Very powerful photo. I tried to find out where it originated from, I saw it posted on Twitter today and had to post it on here. #JusticeForTreyvon
