Debt is not a new problem but it is one that is getting worse, especially for college students. Since the 1940s, the price of going to college has steadily risen. Today, students are leaving the universities with enormous amounts of student loan debt to deal with. On top of that, the prognosis is even worse for the next generation.
As the current generation struggles to pay off student loans, their ability to send their children to college is decreasing. Plus, inflation and the continued rise of tuition costs add to this.
Take a look at the alarming numbers in this infographic put together by Consolidated Credit. They take a generational look at college student debt and reveal that we are in the middle of a frightening trend.