Oregon Daily Emerald--
The office of the Oregon State Public Interest Research Group is working to increase awareness of the issue of student debt and created the report titled "Student Debt and Consumer Costs in the Willamette Valley."
According to the report, the average amount of student loan debt increased by 107 percent between 1993 and 2004. The average undergraduate student will leave college carrying a burden of more than $19,000 in student loan debt, which is roughly $2,000 more than this year's graduating class.
The report also highlights the relationship between the rise in student loan debt and the rise of the cost of living in the Willamette Valley. In the same time period that has seen astronomical rise in average loan debt, the overall cost of living in the area has increased by 32 percent, which is roughly equal to the national inflation rate.
2 comments:
So, the cost of living went up 32% and the President of the Unversity got a 35% raise. Logical....what about the rest of us? Minimum wage is a joke as it hasn't been raised in years but the maximum wage earners all got raises, or tax breaks. Congress doesn't need term limits, they need wage limits. Wish someone would do something about that!
a thing about minimum wage, if you reduce taxes for both the employer and the employee, you could put a lot more money into the system.
when I was an employer in the mid-90s, out of curiosity I totaled up how much taxes that I was paying for an employee and added to that how much taxes that the employee was paying... I was shocked!
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