U.S. student loan debt passes credit cards

With more students borrowing money for college, student loan debt in the U.S. is now greater than credit card debt. But, as Dean Reynolds reports, it's still a smart investment.

[dreamcoyote]

FYI for students out there. another option is to go to community college for 1 or 2 years. take english 101, basic math, the stuff that's the same everywhere. take a couple courses in your major (save those for the better uni versions but try it out). that costs a fraction of Uni and you get your basic generic courses for much less.
also, if you keep your grades up, transferring is *much* easier than freshman year. they know you will do well and not drop out, plus lots of grants/scholarships

[jvolstad]

Join the military. Great educational benefits.

[IwasBannedfromYtube]

I find it very strange to see a student with expensive boots, branded handbags & jeweleries all over their body having problem with student loans.

[scpl]

@iMhike Yeah, you're right on this one. I watched a documentary on those schools. Those places are nothing but factories to milk government-backed student loans from us. Seriously, their tuitions were like $65k ten years ago. I'm afraid to see what they are today!

[deoanh]

All seniors in high school should watch this before they get a student loan.

[blackworldtraveler]

I don't get this.
When I was 18 I knew what school loan debt could do to me.
So I let the Air Force pay for it.
I make $160/yr now and debt free for years.

[chessloser]

@sc0pl355 Agree, when I got hire on, I used a few things I learned in school. Most of my learning was on job training. A lot of big companies want people with experience and that degree does not mean nothing standing alone. Internships and co-ops is where you get that experience. It's hard to get a job after college without those due to competition. Engineer at a major steel company plus an interviewer.

[CesisolutionsOrg]

It's easy to look at the exception like Steve Jobs, etc and make it seem like college isn't worth it. But consider the millions who don't go to college and end up making much less. Student loan debt does suck, but with the correct planning the debt is very manageable.

[scpl]

@KhmerD0g Yeah, I'm with you man. America has been sold a bill of goods!

The issue is that your friend suffered from the credential inflation that I was talking about. The problem is that everybody is getting these degrees to try and find work. Employers will always choose a person with a degree over one without one. So, bachelor's degrees are the new high school diploma in reality. That's insanity!

[OneNameJustin]

@windex1234

yes thats all true but they all came from parents of wealth and success who graduated from college.

[nativemrv]

@JetRanger0007 Yes, your right it's lucky the one's that make it big. Not everyone is going to make it.

[OfficialDotEXE]

LOL I LOVE how at the end they make it seem like "If you go to college YOU CAN BE THE PRESIDENT!" HAHAHAH...More like work at McDonalds. Stop glorifying college. If you're LUCKY you'll land a good job with a 4-year degree.

[scpl]

@chessloser28 Yes, but how do we convert back to things like on the job training and apprenticeships? I think that doing things that way is probably the best thing to do for the nation.

[thepolicecopeland]

@windex1234 Yeah obamacare, climbing deficits, staying in Iraq when he promised not to, and the gulf oil rig disaster have nothing to do with me

[teddybruscie]

There is a huge difference between what you earn and what you keep. Just because you earn more doesnt necessarily mean you keep more. Cause if thats the case many people should be living well. But thats obviously not the case.

[windex]

@thepolice911copeland Blame others for your choices....that's the spirit.

[obunkystaind]

this is why you ALWAYS need a "plan B"
utilize all your talents!

[Makaylah]

She wanted an ivy league degree, so pay the ivy league price

[capkill]

guys, i feel disguisted for this prices. i am sorry for you, i live in italy, i pay about 500 euro a year for university (mine is economics), if you are rich you pay more, and by more i mean you could pay a maximum of 1.500 euro a year. I have couple american friends that are coming to american university here in rome to study, and pay way less money then they pay in us, if im not mistaking it costs them like 10.000 for everything (since start till diplomation). think about it, come to europe !!

[leepakim]

yeah right...every student will be president and first lady.