Over $1 Trillion in Debt: A History of How We Got Here


Over $1 Trillion in Debt: A History of How We Got Here

Mar, 27th 2017

For most of the history of higher education, credit wasn’t available to pay for college

Most of us are familiar — some 40 million of us, intimately — with the concept of student loans.

With student debt recently hitting a record $1.31 trillion and policy makers and educators searching for ways to clamp down on the rising cost of college, it’s a topic that’s hard to avoid. But for the vast majority of the history of higher education, credit, particularly from the government, wasn’t available specifically for students to pay for college.

Beginning in the Middle Ages, officials at some of the most prominent European colleges started to see the need for poorer students to find a way to finance their education, so they set up chests where students placed...

Read More

Join Us. We are waiting for you!

Sign Up Today!

We welcome you to our community where you can gather and share information on debts and issues which may have your life unsettled. Together we thrive!

Logo mobile 4b2fda9e088d7249be95ede0cc3adea2de299a346ba55b450264e0c976b239c5

Join our community Today! IT'S FREE

Our Interactive Knowledge Base Has All The Infomation You Need To Settle Your Debt & Settle Your Life™


Join, Resolve & Share!