Consider the statistics. In 2007, the Washington Post reported that, according to Nellie Mae, the giant student loan service provider, when college s… - M.J. DeMarco

" "

Consider the statistics. In 2007, the Washington Post reported that, according to Nellie Mae, the giant student loan service provider, when college students are seniors, 56% of them will have four or more credit cards with an average balance of $2,864. According to a research report by Demos-USA.org, a public policy research and advocacy organization, people in the 18–24 age bracket spend nearly 30% of their monthly income on debt repayment. This is double from twenty years ago. A survey of college borrowers found that the average college senior graduated with nearly $19,000 in student loan debts, and graduate degree pursuers more than $45,000. A 2007 Charles Schwab survey revealed that teenagers believe when they get older, they will earn an average salary of $145,000. The reality? Adults with a college degree earned an average of $54,000.

English
Collect this quote
Go Premium

Support Quotewise while enjoying an ad-free experience and premium features.

View Plans

Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.

Additional quotes by M.J. DeMarco

Rich or poor, time is equally possessed, shared, and consumed by all. Every day, you use it. I use it. Your neighbor uses it. No one gets more and no one gets less. Twenty-four hours for everybody. No one has an unfair advantage. You, me, we all have 24 hours to consume, expire, and spend. Time is the ultimate equalizer.

Wow, how disturbing. Was someone arrested? Seriously, someone should arrest the man who put the loaded gun to Eugene’s head forcing him to work at Wal-Mart for a below-market wage! Give this guy a bitch-slap. No one forced him to work at Wal-Mart; he works there because he chose to work there. Hey, Eugene, if you’re tired of making $11 an hour, raise your value to society. Get your ass over to the library. Wal-Mart can’t offer low wages if they don’t have an endless supply of victims like you.

Loading...