Latest Posts
Home > Debt Articles > The Explosion of Student Loan Debt in Pretty Pictures. OMG!

The Explosion of Student Loan Debt in Pretty Pictures. OMG!

For those dealing with paying for education using student loans here are a couple of excellent charts put together by a Raleigh neighbor and brainiac Doug Short.

As you can see, the explosion or pole vault of college cost and the rocket like trajectory of federal loans to students don’t paint a rosy picture for the affordability of a higher education moving forward.

The real tragedy here are the people who are already enslaved indebted to a student loan lender in a stagnant economy. Laying out a fortune in future earnings seems to make smart justifiable sense when your future earnings are set to grow. But what if they aren’t? Oh crap.

There is nothing on the horizon that would lead me to believe the cost of college is going to start shrinking dramatically or that real wages are going to go through the roof. The roof will NOT be on fire.

My prediction is at student loan spending and debt will reach a point where people will start to finally wake up and say they can’t afford this higher education ruse and enrollment starts to decline. Then and probably only then will colleges realize we need to do something to make college more affordable so we can fill all the seats in all these buildings we built in the last 20 years.

If people keep paying there is no incentive or reason for tuitions not to keep reaching for the stars.

The Explosion of Student Loan Debt in Pretty Pictures. OMG!

You know why college tuition is rising so fast? It’s for the same reason rock stars date models. Because they can.

The Explosion of Student Loan Debt in Pretty Pictures. OMG!

In case you are feeling suicidal right now after looking at that data. Here is a pretty picture to distract you and keep you off the ledge.

The Explosion of Student Loan Debt in Pretty Pictures. OMG!

Update July 26, 2013

As if on cue, the New York Times has this article out today on the future of declining college enrollment.

College enrollment fell 2 percent in 2012-13, the first significant decline since the 1990s, but nearly all of that drop hit for-profit and community colleges; now, signs point to 2013-14 being the year when traditional four-year, nonprofit colleges begin a contraction that will last for several years.

The Explosion of Student Loan Debt in Pretty Pictures. OMG!
Get Out of Debt Guy – Twitter, G+, Facebook

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

The Explosion of Student Loan Debt in Pretty Pictures. OMG! by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.