College Used to Be the American Dream — Now It’s the American Nightmare | Alternet

Most colleges in Europe are tuition-free–especially in those horrible socialistic nations. More American exceptionalism:

A recent New York Fed study found that 94% of recent graduates had borrowed to help pay for their education, and average debt levels among student borrowers is $23,000. Remember, that average includes seasoned borrowers, who presumably borrowed less and also in many cases reduced the principal amount of their loans, so the average amount borrowed by recent grads is certain to be higher.

via College Used to Be the American Dream — Now It’s the American Nightmare | Alternet.

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