The average college student will spend more than that on their first car.
Or buy a junker as most of us did. Kids today spend more money in iPods and other crap than they do on anything substantial. I rode a bicycle between classes and the dorm.
The only debt my wife and I ever had were school loans and a mortgage. Then again, 40 years ago the instant-gratification generation hadn't been born.
And to those with an $8k balance at 21% APR... F-'em if they're too stooopid to figger it out.
>>the average college student is graduating with more than $19,000 in debt<<
>P-40>The average college student will spend more than that on their first car.<<
Eh, cry me a river. My MBA is looking to cost 80 grand.
I still don’t understand why they have “financial hardship” awards for Executive MBAs though.