US News In some families, student debt squeezes parents and children simultaneously and clouds future

tom_mai78101

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WASHINGTON (AP) — A college degree practically stamped Andres Aguirre's ticket to the middle class. Yet at age 40, he's still paying the price of admission.

After a decade of repayments, Aguirre still diverts $512 a month to loans and owes $20,000.

The expense requires his family to rent an apartment in Campbell, California, because buying a home in a decent school district would cost too much. His daughter has excelled in high school, but Aguirre has urged her to attend community college to avoid the debt that ensnared him.


"I didn't get the warmest reception on that," said Aguirre, a health care manager. "But she understands the choice."

America's crushing surge of student debt, now at $1.2 trillion, has bred a disturbing new phenomenon: School loans that span multiple generations within families. Weighed down by their own loans, many parents lack the means to fund their children's educations without sinking even deeper into debt.

Data analyzed exclusively by The Associated Press, along with surveys about families and rising student debt loads, show that:

— School loans increasingly belong to Americans over 40. This group accounts for 35 percent of education debt, up from 25 percent in 2004, according to the New York Federal Reserve. Contributing to this surge: Longer repayment schedules, more midcareer workers returning to school and additional borrowing for children's education.

Read more here. (USNews)
 

tom_mai78101

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Lol muricans. You are funny people.
I'm not a fan of American jeans to be honest. The pocket sizes are never big or loose enough to fit a 6-inch smartphone in without either bending it, or pressing the smartphone to the butt cheeks tightly.

I prefer Taiwan's blue jeans. They are malleable (stretchable) enough that my smartphone can easily slide in and out without worrying too much of it falling out or pressing tightly against my hip/butt.
 

seph ir oth

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I'm not a fan of American jeans to be honest. The pocket sizes are never big or loose enough to fit a 6-inch smartphone in without either bending it, or pressing the smartphone to the butt cheeks tightly.

I prefer Taiwan's blue jeans. They are malleable (stretchable) enough that my smartphone can easily slide in and out without worrying too much of it falling out or pressing tightly against my hip/butt.
...wrong thread Tom! :D
 
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    I pmed you my wechat, I'm thinking about visiting wuhan this year
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    A Levels is based on the UK syllabus offered internationally. So the syllabus is similar throughout different countries, taught in english.
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