Intro

Its no secrect that college is expensive.

As the economy is getting bad the prices for things are rising

Even our education is becomming very expensive

College loans are basically sponsors that lead student money to pay for schoo

And when this student gradutaed their expected to pay off that loan .

Every Univeristy/college accept loans.

. More Students Are Taking out Bigger Loans

1.Between 1993 and 2004 the proportion of graduating college students with student loan debt grew from under 50% to nearly two-thirds. In 2004 alone, more than $61 billion was dispersed to students in the form of loans. This increase in borrowing isn't just a product of Americans' willingness to spend other people's money, either; the price of college is going through the roof.

• Between 2000 and 2005 - only five short years - the price of tuition at public colleges rose by more than 57 percent.
• Private colleges aren't any better. Annual costs at Harvard are now nearly $46,000 - as much as the national median household income.
• In the last 10 years, between 1 and 1.6 million students did not go on to college because of financial constraints. In the coming decade, this will increase to between 1.4 and 2.4 million.
• Overall, college has become twice as expensive in the last generation.

From http://education-portal.com/articles/Facts_About_Student_Loans.html