So how scary is it? These stats might show you: 76% of young people surveyed believe it has gotten harder to afford college in the last five years. Only 21% of young people surveyed believe students graduate with a manageable amount of college loan debt.
The average student debt of new college graduates in 2010 was $22,900 as compared to only $7,000 in 2000. In other words, the average student debt in 2010 is 47% more than in 2000, even when adjusted for inflation. Is this amount in your budget? This infographic from Top Colleges Online takes a look at student loans.
Also, try to say the title of this post 10 times fast!