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Alex Chediak

Helping young adults thrive at college and beyond

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Student Loans Dragging Down the Economy?

March 29, 2014 by Alex Chediak

Bureaucrats Paid $250,000 Feed Outcry Over U.S. College Tuition

Good article by Sam Frizell in Time magazine. A few excerpts:

“At the end of 2003, American students and graduates owed just $253 billion in aggregate debt; by the end of 2013, American students’ debt had ballooned to a total of $1.08 trillion, an increase of over 300%. In the past year alone, aggregate student debt grew 10%. By comparison, overall debt grew just 43% in the last decade and 1.6% over the past year.”

“Delinquencies on student loans have risen dramatically over the past decade: 11.5 percent of graduates were at least 90 days late on paying back their loans at the end of 2013, compared with 6.2 percent delinquencies on student loans in 2003.”

“Between the 2000-2001 academic year and the 2010-2011 academic year, the cost of a degree at public and private 2- and 4-year institutions rose 70%, from an average of $10,820 to $18,497, according to data provided by the federal government’s Institute of Education Sciences.”

Read the whole thing. (By the way, the “let’s all just ditch college” extreme is as misguided as the “let’s all go to a four-year college at any cost” extreme. See the latter chapters in my book for more.)

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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.
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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


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Thriving at College book cover1 CASE = 28 COPIES
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$269.99


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Beating the College Debt Trap book cover1 CASE = 44 COPIES
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$189.99


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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

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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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