Visualizing The Stunning Truth About How Students Are Spending Loan Cash

Tyler Durden's picture

Over the last 15 years the starting salary for recent college grads has declined about $4000. Unfortunately, as details, the amount of student loan debt most students are graduating with has skyrocketed. You can now expect to graduate into a worse job market and with more debt than just a decade ago, which is leading to a serious financial crisis- the average debt load upon graduation is $37,000, and many people can’t even make their minimum payments.

Nearly 60% of student borrowers have no idea when their student loans will be paid off. Over half of borrowers have no idea what their monthly payments will be when they graduate. When you combine these facts with declining wages and rising housing rates, many people will find they just can’t make ends meet.

There are a few things students can do before graduation to ensure they aren’t set up for failure. Find out what your total costs will be and only take out the amount you need- financing a pizza every Friday night for four years can easily turn an expense of $1800 into $2291 when you have to pay interest over time. Try to seek out alternative ways to cover at least a portion of your expenses- a work-study program or part-time job can be a big help!


Student loans can never be bankrupted, so it’s important to pay them off as quickly as possible. Make payments while you are still in school on order to minimize your debt load upon graduation, and once you graduate try to make additional principal payments whenever possible to help accelerate your payoff schedule. Stay on top of payments and set up automatic payments if necessary so you never miss a payment- penalties can keep you on the hook much longer than you need to be. Learn more about lightening the student loan burden from this infographic!

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Intelligence_Insulter's picture

Adderall if you can find it.

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) buckstopshere Feb 19, 2017 10:01 PM

All of that money and they can't build their own safe spaces?

cheka's picture

we've already bailed out thousands of them.  obomba picked out a couple of large for-profits and stuck us with the bill.  of course the ones he selected were heavy minority

so free beer, free weed, free air jordans

The Saint's picture
The Saint (not verified) cheka Feb 19, 2017 10:17 PM

You have to borrow the money to find out what's in the money. 

~ Nancy Pelosi

Giant Meteor's picture

True, unlike the new Cracker Jacks that merely give one peanut, bad fortune cookie advise, and arcane baseball stats.

Nothing is sacred ..

TeamDepends's picture

The old Obama regime successfully duped many of these poor kids into buying pizza on credit that they could never repay, so they would inevitably receive a visit from Podesta Bros. pizza repo men....

HillaryOdor's picture

I spent all my excess student loans buying bitcoin.  I was very naughty.  But people should know guaranteed loans just lead to this kind of speculation.  What did you think?  This was gonna generate real growth?  LOL!  Joke's on you then morons.  Why did you let this happen?  They're all just gonna default and you'll pick up the tab!  It couldn't possibly end any differently?

"But you borrowed it so you have a moral obligation to pay it back.  It's in the social contract.  And we have to keep investing in the future of our country, derp dee derp."   Yeah I'm sure all the lesbain dance theory PhDs are all getting ready to disrupt the economy, any day now....

Manthong's picture

If they ever stop those loans, the adult beverage industry is in big trouble.

..and they had better not look to me for paying back their >four year party and degree in Art and Design.

Escrava Isaura's picture

Money is just a token.

Now, on the hand of power this token become a tool of extraction. Some say this token is better than using force and more humane than using slaves. Even that in the bible says owning slaves is ok.

The general population was made to believe these tokens are wealth. So, they all want it, so they can save it, even that, it was created of a financial scheme, meaning, their savings will need to be constantly created. Forever.

Anyway, all become less and less worth with time. But everyone keeps believing, because they don’t know any other way. They don’t even know that there are other ways. So, ignorance is happiness.

Now we’re all worried about the (constant creation) debt that is needed. But who cares, because the youth are the ones acquiring it. But, they have too, otherwise the Greatest Generation won’t feel so great.

Tomorrow we’re all back after these tokens. So, they, whoever they are, better keep making it, because our need of a salary (tokens) never ends, meaning, the debt will only grow.

“Wealth is a flow. Spent it must be to produce future wealth.”Frederick Soddy, 1921.



Laowei Gweilo's picture

I'm not sure if the authors of the infographic have socialized in any modern US city in the last 10-20 years lol

but spending just $15 on a Friday night per week is relatively 'cheap' lol and equilevent to having almost no university social life

and if that's how much you spend on a Friday night as someone in your early 20s, you're on the 'thrifty' side of things =p


note: if you're on a loan, you SHOULD sure as heck as thifty as possible.

my point is just that $15 per Friday night is a pretty poor, thifty, lonely life, and BARELY above just just Heinz beans in a can lol

this aint 2005 anymore $15 on a Friday night doesn't go very far lol friday night pizza IS the thrifty choice


'$30 downtown appies and drinks' would make a lot more sense (and be more accurate of how idiots are spending their money) than $15 pizza

RichardParker's picture

Slavery is alive and well today.  The modern name for it is "Inflation". 

Inflation is way more efficient at enslaving the people than a ball and chain every could.

None are more hopelessly enslaved than those who falsely believe they are free.

-Johann Wolfgang von Goethe

buttmint's picture

HillaryFoulOdor wrote...


...the lesbain dance theory PhDs 


Krungle's picture

So what? The banks are already bailed out by being able to loan non-dischargeable debt to teenagers. The problem starts at origination; so long as the banks can engage in bad behavior by creating unplayable debt, then I'm sick of hearing shit about "oh teenaged are irresponsible with their money!" No shit. There needs to be no bailout for student loans, just an immediate law that they can all be discharged in bankruptcy. That ends the problem forever.

True Blue's picture

Only with the caveat that their 'brain' gets reposessed after the bankruptcy -otherwise they can owe it until they are dead and in the ground; welcome to being a grown-up.

Big Twinkie's picture

Oh bullshit.  When my parents went to college the biggest cost was the opportunity cost.  Their friends went to work in the steel mills while they got paid nothing, but studied science and engineering.  You could pay cash for tuition and expenses at Carnegie Tech on a coal miner's income.  When I went to Carnegie Mellon in 1981, tuition was $3150 per semester.  I worked summers and weekends, my parents paid the rest and when I graduated I had student loans for $10,000 -- basically a car loan, but with no car.  Now that my daughter is heading off to college, annual expenses at Carnegie Mellon come to $69,000.  What's wrong with this picture?  

There is no way my daughter can go to the same school that I and my parents graduated from.  If you were foolish enough to do this on a "middle class" income, you would graduate with a house payment but no house.

Those who want to blame young people and impugn their character are sanctimonious ass-holes.  It's an outrageous fraud that's been perpetrated against us and our children.

True Blue's picture

It is an outrageous fraud; but nobody is putting a gun to their head to make them take these loans. The loan/grant industry has obviously inflated the cost -but again; nobody is forcing them to enroll in these supposed 'institutions of higher learning.' 

Sorry, but if you are stupid enough to take out loans to obtain an overpriced degree for which there are no future employment prospects -you neither deserve nor get any pity. Before even applying for college you should have enough basic math ability to make a grown-up cost/benefit decision. And; as a parent it was your fucking job to raise children smart enough to know that. Looks like the 'lottery' isn't the only tax on people too stupid to do basic arithmetic.

Fizzy Head's picture

High student loan debt that's not discharge-able, coupled with high health care costs, and raising interests rates.... guess the snowflakes won't be purchasing homes anytime soon.

Krungle's picture

So what? The banks are already bailed out by being able to loan non-dischargeable debt to teenagers. The problem starts at origination; so long as the banks can engage in bad behavior by creating unplayable debt, then I'm sick of hearing shit about "oh teenaged are irresponsible with their money!" No shit. There needs to be no bailout for student loans, just an immediate law that they can all be discharged in bankruptcy. That ends the problem forever.

buckstopshere's picture

Adderall is one of the reasons why many college students are so angry.


Side effects include psychotic episodes at recommended doses, overstimulation, restlessness, irritability, euphoria, dyskinesia, dysphoria, depression, tremor, tics, aggression, anger, logorrhea, dermatillomania.

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) buckstopshere Feb 19, 2017 10:09 PM

Hillary was/is on Adderall?

Gnostech's picture

Oh come on, during the 50's everyone was high on benzedrine, amphetamine available OTC. It's more than just the drugs.

cheka's picture

loan forgiveness will be the whine.  the reality will be taxpayers stuck with the party bill.  coming with the next recession

HillaryOdor's picture

The taxpayers deserve it.  They are too stupid to keep their money.  The social conflict will be delicious though.  Hopefully lots of little commies get put in the dirt.

INTJ Economist's picture

Your taxes don't pay for shit at the federal level.  Read Modern Monetary Theory.

Chris Dakota's picture
Chris Dakota (not verified) buckstopshere Feb 19, 2017 10:03 PM

The loans were a college money making scam.

They are using the loans to live on.

It encourages people who are stupid to attend college and get La Raza studies degrees, not even Spanish.

This was all the plan to have them rent everything, a bike, a car, a washing machine...for life.

I heard on the radio today they don't want to own homes.

perfectly brainwashed by the Marxists.

Giant Meteor's picture

Generates a shit ton of vig ..

Same with SNAP

Elco the Constitutionalist's picture
Elco the Constitutionalist (not verified) Chris Dakota Feb 19, 2017 11:24 PM

Until the property tax is declared unconstitutional (it is), nobody owns a home. We all rent them from the government.

CJgipper's picture

They don't want to own homes because the homes can't move with the jobs, and there are huge associated transactional costs.

buzzsaw99's picture

left out hookers and blow bitchez

buckstopshere's picture

For many college students who have no desire to study or learn, college is a very expensive way to party.

TeethVillage88s's picture


The Simpsons -

wisehiney's picture

Everything is cheaper with a student loan.

That you have no intention of repaying.

techpriest's picture

Student loans are the only loans that are non-dischargeable in bankruptcy court. The only "escape" is to deliberately under-earn for 20 years, or 10 in certain government jobs.

Anyway, enjoy it while it lasts. It will be cut off soon enough, because this particular carousel can't go on forever.

INTJ Economist's picture

That's one option.  The other option is to buy a house, refinance/repackage all of your loans into one single payment.  Then declare bankruptcy.  House is gone and so is your student loan debt . . . and your credit.

CJgipper's picture

Blood from a turnip.  If you never have a career or steady employment, they can't get money that you don't have and they don't know about.

nmewn's picture

Now kiddies, listen to your "guidance counselors" in the government run skools. You must assume the debt to be given your four year college degree by tenured sycophantic progs overseen & administered by overpaid failed private entrepreneurs & corrupt politicians in order to get that coveted job at Applebee's or Starbucks! 

You simply must listen to reason and your elders on this, its really for their own good ;-)

Intelligence_Insulter's picture

The baby boomers are retiring soon! A degree is a ticket to a high paying job with full bennies.

Giant Meteor's picture

Well it depends on what your definition of "full" is I suppose ...

nmewn's picture

Yeah well, maybe, in some cases. 

Of course Obama II could always come in and tax those bennies as "in-kind" wages, imputed income/value or whatever the hell some other degreed Princeton economist employed by his state desires to fill a budget hole with.

Its not as easy as it seems but good quality engineers are always as needed as much as backhoe opertors & cooks so your point is well taken.

Some people appreciate being told where and how to construct/dig and take no responsibility for their actions pointing to the engineer. Others, like to tell them where to and how to construct/dig and enjoy the responsibility and authority that comes with it. Still others enjoy them both eating together congratulating the cook for a job well done in preparing the meal in his brand new buildings kitchen.

It all kinda works together, sometimes, but you will notice the Princeton economist had nothing to do with it ;-) 

New_Meat's picture

My degree in gender studies isn't quite working out as a ticket anywhere.

besnook's picture

i failed gender studies when i got married 30 years ago.

CJgipper's picture

That's been the story for a decade now. (baby boomers retiring soon)

directaction's picture

Got a small Pell grant many decades ago. 
Spent zero on school. Not one dime.  

Let it Go's picture

An article that was published before the election looked into how originality the idea was that a student should be able to get a loan to help pay for university tuition, books, and basic living expenses. It seems, however, that many students are borrowing against their future at an almost unimaginable pace and using the money for things other than education.

I personally have witnessed several of these students rent an apartment, fail at school, and then be forced to move back in with parents when the money ran out. Sadly, like the gifts from pawnbrokers and payday loan sharks, many of the borrowers will live to regret taking this easy money. More on this important subject in the article below.

buzzardsluck's picture

Fuck all those who can't do simple math.