A record 1 in 5 homes has student loan debt - CBS News
A growing number of Americans need to work just to pay off their student loans.
A
study out Wednesday says that 19 percent of households in 2010 had
student loan debt. The average balance was more than $26,000 -- a
fourteen percent increase in three years.
Jessica Brothers, 28, has a bachelor's degree and is pursuing a master's degree -- and she owes $85,000 in college loans.
"I
didn't expect it to cost that much. When I started I was just pursing
what I wanted to do in school and what my passion was," Brothers said.
Brothers
used to attend a private college, where tuition was more than $30,000
per year. To save money, she transferred to Brooklyn College, where
annual tuition is just over $5,000.
"It puts on pressure to make sure I get that good paying job to make sure I can pay these loans back," Brothers said
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