Originally Posted by
Dahon.Steve
I was reading today a young girl with over 200K in student loans! She's in her early 20's but will be in her 40's when the loans are paid. There's no question that skyrocking costs of college are making it very diffult to pay student loans, rent and car loans at the same time.
This is absolutely a major reason why young people can't afford a car. That, and the fact that fewer people, even those with university educations, will get very well paying jobs. Once they pay their rent, food and student loans, all they have money for at that point is a cool i-phone.