August 9, 2006

In too deep: Is Generation Debt the next big political movement? Or are they too broke and tired to fight?

A story about the high credit card and student loan debts many college students are facing mentions that Wayne State is among the universities that have banned credit card companies from soliciting customers on campus. A Wayne State student who has $20,000 in student loans and $3,000 in credit card debt outstanding is mentioned in the article. The writer also notes that WSU increased tuition by 18.5 percent last year. A study by the nonprofit group Project on Student Debt found that 62 percent of seniors at public universities in the country are graduating in debt, with half of them owing more than $15,000 in student loans.

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