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Alex Chediak

Helping young adults thrive at college and beyond

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The College Debt Crisis

December 22, 2010 by Alex Chediak

Scott Cohn, senior correspondent with CNBC, reports:

In 2009, the most recent data available, 67 percent of graduates had debt, averaging $24,000 per student, up 6 percent from the previous year, according to the non-profit Project on Student Debt. The numbers are even higher at private institutions.
The figures do not include the growing number of loans taken out by parents, and only limited data on for-profit colleges, where student debt is typically much higher, but relatively few institutions report it.
Americans now owe more on their student loans than they do on their credit cards—a first, according to FinAid.org, which has created what it calls the Student Loan Debt Clock.
The organization figures America’s student loan debt is growing at a rate of $2,853.88 per second. At this pace, it will surpass $1 trillion in 2012. And there is no sign of the pace letting up. On the contrary.

Read the whole thing.
The explosion of student debt is investigated in a CNBC Original documentary, “Price of Admission: America’s Student Debt Crisis,” premiering Tuesday, December 21 at 9pm ET/PT, but can now be viewed here:

HT: Derek Melleby

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Filed Under: Thriving at College, Culture

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Thriving at College book cover368 pages. Please allow 7-10 days for delivery.
Sales tax will be added for California purchases, as required by law. For orders to Canada, please contact us. (See also CASE DISCOUNTS below.) No PayPal account required to place order. (Debit or Credit card will work.)

$10.99


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Beating the College Debt Trap book cover224 pages. Please allow 7-10 days for delivery.
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$4.99


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Preparing Your Teens for College book cover 448 pages. Please allow 7-10 days for delivery. Sales tax will be added for California purchases, as required by law. For orders to Canada, please contact us. (See also CASE DISCOUNTS below.) No PayPal account required to place order. (Debit or Credit card will work.)

$9.99


CASE DISCOUNT PRICING!

Thriving at College book cover1 CASE = 28 COPIES
Please allow 7-10 days for delivery.
Sales tax will be added for California purchases, as required by law. No PayPal account required to place order. (Debit or Credit card will work.) For orders to Canada, please contact us.

$269.99


CASE DISCOUNT PRICING!

Beating the College Debt Trap book cover1 CASE = 44 COPIES
Please allow 7-10 days for delivery.
Sales tax will be added for California purchases, as required by law. No PayPal account required to place order. (Debit or Credit card will work.) For orders to Canada, please contact us.

$189.99


Order Thriving at College!

Amazon Book Bomb for Thriving at College"There is no better guide to college."
--Alex and Brett Harris

"Insightful and useful."
--Randy Alcorn

"Written by an ‘insider’—an excellent gift for high school seniors."--Jerry Bridges

 

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"A sharp tool." Tedd Tripp

"Outstanding book on preparing teens for adulthood." Jerry Bridges

"Highly recommended.” Josh McDowell

 

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Also by Alex

With One Voice book cover

With One Voice

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Praise for With One Voice

This relatively short book packs a powerful bang for the buck, providing much biblical and practical advice for young men and women seeking to glorify God in relationships.

Alex and Brett Harris
Best-selling authors of Do Hard Things

Alex and Marni Chediak offer sound biblical advice and a clear Christian framework for working through the maze of confusions surrounding modern marriage.

R. Albert Mohler, Jr., President
The Southern Baptist Theological Seminary

Publishers have been cranking out books with all sorts of directions to help Christians navigate the treacherous waters between the buoys of singleness and marriage, and I know of none that is more clear, concise and helpful than With One Voice.

J. Ligon Duncan, III Ph.D.
Senior Minister, First Presbyterian Church

With One Voice is clearly written and God-centered. Our eighteen year-old daughter just read it and restrained herself from underlining nearly the whole thing!

Dr. Bruce A. Ware
Professor of Christian Theology
The Southern Baptist Theological Seminary

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