INFOGRAPHIC: The Making Of The Trillion-Dollar Student Debt Bubble

A college degree is still the quickest route to higher lifetime earnings – $1.2 million more, to be exact — but the way we choose to pay for it can likely make or break our financial future.

It all boils down to this question: Which do I take out – federal or private loans? 

Students who choose the latter option alone are in for a world of hurt, including higher interest rates and fewer flexible repayment options.  

In this infographic, credit card comparison site Nerdwallet takes a closer look at the drastic difference between borrowing from Uncle Sam and private lenders. 

Understanding Student Loans in Real Terms

Via: NerdWallet

See how private student loans and a shady culinary academy dragged one man $142,000 into debt >

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