We’re just days away from the student loan rate expiration date. Unless Congress suddenly grows a conscience, student loan rates will automatically double to 6.8 percent.
It should go without saying that this event would be a fatal blow to the 7 million students now struggling to make monthly payments on an education that has yet to net them that dream job. Given the fact that the GOP are seething after SCOTUS upheld Obamacare, I’m not counting on any excessive compassion.
As we bite our fingernails down to the bone, the rest of the world is watching this ridiculous drama play out with great interest. The plight of the average American student is so interesting to folks in the UK, that they actually made an infographic that chronicles the entire sordid affair–all the way from optimistic graduation to crushing student debt to bankruptcy. Read it and weep folks.
Infographic ironically created by Payday Loans
Image via a.mina/Flickr