Where Were You When Student Loan Debt Passed $1 Trillion?
Another day, another news story about “debt-burdened twenty-somethings.” In today’s story, student loan debt passes the $1 Trillion dollar mark!
Today is the day (approximately) that American student loan debt finally passes $1 trillion, having already passed credit card debt as the number one form of consumer debt last year. Now the interest rate on Stafford loans is set to double from 3.4% to 6.8%, which according to the White House will effectively straddle over 7 million borrowers with $1,000 each on average.
Where where you when the student loan debt clock passed 1,000,000,000,000?
Were you …
Working at Starbucks?
One of the 99 percent?
One of the One percent?
One of the 99 percent who defends the One percent because you think you will get there one day?
In line at the post office?
Starting a band/stand up career/bartending school?
Hiding in grad school?
Living at home?
In the second act of an indie romantic comedy?
Sharing a cell phone plan with your ex?
On a cross-country trip to find yourself?
Reconnecting with your family?
Politically organizing in ways that hope to adapt our workforce to new technologies instead of propping up stagnant institutions?
On the Internet?