How expensive is higher education in the United States of America?
Now, it’s no longer simply an option. It has become a necessity. Parents who are worried that they won’t be able to send their children to college borrow money, and eventually the debt is passed on to the university graduate. Federal Student Loan Consolidation Federal student loan consolidation is one of the less difficult ways to repay student loans. Let’s face it- student loans are hefty chunks of debt that have to be repaid within a grace period. According to the National Center for Public Policy and Higher Education: “Only 17% of the highest-income families borrowed for college in 1990, but that figure increased to 45% by the year 2000.” Adding to this alarming rise is the report made by the United States Department of Education: “The average amount of debt incurred by a public college graduate totaled $16,243 in 2000; those who attended private colleges incurred $17,613 in debt.” According to Erica Sandberg, chief financial writer for Consumer Credit Counseling Service in San Fran
