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It's that time of year again
A growing number of students, it seems, will use their student loans to fund their upcoming fun-in-the-sun spring breaks
About 30 percent of American students will tap into their college debt to pay for their wild week-long holidays.
'Students should minimize their borrowing during their college years and live a sparse lifestyle — but no one wants to hear that when their fraternity brothers or sorority sisters are packing up to Cabo for the week,' said Greg McBride, chief financial analyst of Bankrate.com.
'It's like putting spring break on a credit card, but this one is subsidized by taxpayers,' McBride added.
The average college student graduates with $28,000 in loans. The default rate on those loans is 11.8 percent, according to LendEDU.
http://nypost.com/2017/03/08/college-kids-are-using-student-loans-for-wild-spring-break-trips/
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A growing number of students, it seems, will use their student loans to fund their upcoming fun-in-the-sun spring breaks
About 30 percent of American students will tap into their college debt to pay for their wild week-long holidays.
'Students should minimize their borrowing during their college years and live a sparse lifestyle — but no one wants to hear that when their fraternity brothers or sorority sisters are packing up to Cabo for the week,' said Greg McBride, chief financial analyst of Bankrate.com.
'It's like putting spring break on a credit card, but this one is subsidized by taxpayers,' McBride added.
The average college student graduates with $28,000 in loans. The default rate on those loans is 11.8 percent, according to LendEDU.
http://nypost.com/2017/03/08/college-kids-are-using-student-loans-for-wild-spring-break-trips/
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