Generation of Debt


The Focus

I wrote this article a while ago for Noir Magazine on Generation Y (Millennials) being the first generation to spend a lot on education but not getting the return back. 

Generation Y has taken out more loans than ever before. Generation Y has taken out more loans than ever before.

Fourteen percent of a university’s enrollment is made up by graduate students, but they account for almost forty percent of the outstanding student debt of $1.2 trillion. The cost of continuing an education can be a lofty pursuit, but can become a huge stress if one gets in too deep into student loan debt.

More and more Americans are taking loans to finance education later—for higher degrees, for vocational studies, or to continue education to improve knowledge demanded in certain professions.

One of the biggest concerns surrounding student debt is undergraduate students taking out steep loans to pay for the increasing costs of college. What is often overlooked is an…

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