Are Student Loans A Gateway Drug To Debt? (Infographic)

by Ron Haynes

I ran across this infographic at the Consumerist and was granted permission by CollegeScholarships.org to host it here on The Wisdom Journal.

Student loans are certainly unique in why they’re used and how they’re eventually collected, but this infographic crystallized the history and information surrounding this “gateway drug to debt slavery” in a way that really hit home for me. Personally, I’ve been making payments on student loans since 1988.

Student Loans Scheme.

Infographic by College Scholarships.org. Used by permission.

cuStudentLoans

About the author

Ron Haynes has written 987 articles on The Wisdom Journal.


The founder and editor of The Wisdom Journal in 2007, Ron has worked in banking, distribution, retail, and upper management for companies ranging in size from small startups to multi-billion dollar corporations. He graduated Suma Cum Laude from a top MBA program and currently is a Human Resources and Management consultant, helping companies know how employees will behave in varying situations and what motivates them to action, assisting firms in identifying top talent, and coaching managers and employees on how to better communicate and make the workplace MUCH more enjoyable. If you'd like help in these areas, contact Ron using the contact form at the top of this page or at 870-761-7881.