Does earning a college degree pay off with a better job? Let’s hope that is the case, especially for the whopping 69% of college seniors that are carrying student loan debt. It might be validated by the fact that the unemployment rate for college graduates (7.8%) is less than half of that for high school graduates (16.5%). However, graduates are carrying more debt than ever before and are finding it more difficult to pay off. Check out our infographic for more details on student debt that currently exceeds a trillion dollars.
Last week, Part Two of our series focused on credit card debt and credit scores across the U.S. Next week the final infographic in our Consumer Credit Crisis series will reveal how carrying debt can affect your mental and physical health.
If you want to settle outstanding debts for less than what you owe, try our debt settlement tool.