In response to:

Student Loan Debt has Tripled in Last 8 Years

olddoc4444 Wrote: Mar 01, 2013 9:04 AM
Moreover. I seem to remember when my Dad filled out the FAF, as it was know back then, that they asked something about family expenses. Now it's just assets, # kids, and gross pay. So as undoable as her college seems living in a medium sized town in Missouri, I can only imagine it would be worse if I lived someplace with a high cost of living, like Chicago or San Francisco

Well, if you have a child going to college any time soon expect some major debt. Now we often hear that college loan debt is getting worse and that costs are skyrocketing, but now we have a new study proving it. According to a new report from the New York Federal Reserve, total student loan debt has tripled over the last 8 years.

The report finds a correlation between student debt and future issues with borrowing in other borrowing situations in life. For instance, the percentage of people who are buying homes and have student loan debt has fallen...