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Thursday, October 13, 2011

Student Debt is Crushing Young Adults

The Student Debt Clock is currently $948+ billion and counting. Student debt is now greater than credit card debt. Student debt is also twice as large as the infamous Greek national debt of $470 billion that now has everyone in a minor panic.

Student debt is crushing a generation of Americans, who are losing faith in their future. Here is one young lady's take on the situation.

Franchesca Leigh Ramsey / franchesca.net:

I'm a 27 year old graduate of Miami International University of Art and Design with a BFA in Graphic Design... In June 2009 I moved to New York City to pursue my dreams of working in entertainment and broaden my design horizons. I now work as a freelance graphic designer and social media/ marketing consultant, while also blogging and making YouTube videos. It’s a lot of work, but I love every minute of it...

:( ... I have over $100k of student loan debt and my combined monthly payments are about $1k. I’m afraid I’ll never pay it all off and won’t be able to afford to start a family someday. It scares the hell out of me.

After seeing BeyoncĂ©’s “Countdown” video Thursday night I couldn’t sleep. Thus this video was born. If your student loans give you the blues like mine do, feel free to share :)

BeyoncĂ© “Countdown” Parody: Student Loan Countdown
"Oh, should I stand out on Wall Street?
would that even help me?
Not sure what I should do. Barack are you listening?
Oh, can I get a forebearance?
No help from my parents
I'm doing this on my own
Sallie Mae I can't pay off my student loans."

via: digg

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