Will Student Debt Ever Be Paid Off? - KALB-TV News Channel 5 & CBS 2

Will Student Debt Ever Be Paid Off?

Posted: Updated:

Americans' student debt now stands at one "trillion" dollars. And they might never catch up financially to peers who graduate debt-free.  

Researchers at the University of Kansas Department of Economics say the situation is contributing to the country's growing wealth gap.  They say people who graduate college saddled with debt spend years paying it off, instead of putting their earnings into investments, retirement, or buying a home.  

The amount of student debt in the United States is more than what is owed on credit cards and some other installment debt. 

 

  • Most Popular StoriesMost Popular StoriesMore>>

  • Sentenced to death: The death penalty in Central Louisiana

    Sentenced to death: The death penalty in Central Louisiana

    Wednesday, July 30 2014 3:46 PM EDT2014-07-30 19:46:58 GMT
    RAPIDES PARISH, La. (KALB News Channel 5) -- Next month, Thomas Steven Sanders is set to stand trial at federal court in Alexandria for a murder case that could carry a death penalty sentence if convicted.More >>
    RAPIDES PARISH, La. (KALB News Channel 5) -- Next month, Thomas Steven Sanders is set to stand trial at federal court in Alexandria for a murder case that could carry a death penalty sentence if convicted.More >>
  • Grandma thanks trooper for traffic stop

    Grandma thanks trooper for traffic stop

    Wednesday, July 30 2014 5:33 PM EDT2014-07-30 21:33:49 GMT
    MGN OnlineMGN Online
    BOISE, Idaho (AP) - A woman who got a speeding ticket while on a recent vacation to Idaho wrote a note to the Idaho State Police thanking the trooper for the kindness he showed her grandchildren during the stop.More >>
    BOISE, Idaho (AP) - A woman who got a speeding ticket while on a recent vacation to Idaho wrote a note to the Idaho State Police thanking the trooper for the kindness he showed her grandchildren during the stop.More >>
  • APD: Battery Arrest

    APD: Battery Arrest

    Wednesday, July 30 2014 11:47 AM EDT2014-07-30 15:47:43 GMT
    ALEXANDRIA, La. (KALB News Channel 5)-- On July 29 2014, an APD Officer on patrol was flagged down by passing motorist and advised of a stalled vehicle in the middle of the 5700 Block of Masonic Drive.More >>
    ALEXANDRIA, La. (KALB News Channel 5)-- On July 29 2014, an APD Officer on patrol was flagged down by passing motorist and advised of a stalled vehicle in the middle of the 5700 Block of Masonic Drive.More >>
Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KALB. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.