What? Student Loan Debt Rising to $1 Trillion!
Total student loan debt is increasing at a rate of about $2,853.88 per second! 
Presently the student loan debt is close to one trillion dollars, which has surpassed credit card debt in our country! Students borrow because they believe they do not have any other choices or options. There is an alternative available for all students to pay for their college without accumulating excessive student loan debt.
With the rising national deficit, can we afford not to teach and support students with the scholarship process to assist them pay for their education using the free Path to Scholarships® courses available through www.Edudaris.com?
Price of Admission: America’s College Debt Crisis
January 3, 2011, according to a report on CNBC, Price of Admission: America’s College Debt Crisis. “Student debt is nearly 1 trillion dollars. Student loan debt grows everyday at $2853.88 per second.
Could this be the next bubble to burst? CNBC senior correspondent Scott Cohn goes inside the debt crisis that could keep taxpayers on the hook for generations.”
Scott Cohn investigates the student debt crisis that is affecting millions of Americans. With the rising costs of college and student debt there are many that are taking advantage of the need. Some of the issues brought to light are for-profit and non-profit schools hiding the true default rates in order to keep the government money flowing and encouraging student loans when there is an obvious inability to repay the loan.
Student loan defaults have doubled the last five years approaching a quarter of a million-student loan defaults each year and growing. Schools keep the money, the students keep the debt, and the taxpayers lose. Every default leaves the taxpayer on hook for the debt with a growing economic crisis in our nation.
Watch CNBC videos for the series of reports and stories and read more: http://www.cnbc.com/id/40552539/
Student Debt: America’s Next Bubble?
James Rosen, Published August 19, 2011, FoxNews.com
“Figures provided by the Federal Reserve Bank of New York show that since 1999, student loan debt has grown by more than 511 percent. Over that same period, all other household debt in America – the sum total of all credit 
card bills, all auto loans, even all mortgage debt assumed during the great housing boom and bust that triggered the financial crisis – grew by about 100 percent.
Rising by $100 billion a year, outstanding student loan debt now stands at about $930 billion, and is expected to reach $1 trillion by year’s end. “Student loan debt has become a macroeconomic factor; it affects the economy,” said Mark Kantrowitz, publisher of the financial aid website www.finaid.org. “Students who graduate with excessive debt are more likely to delay buying a car, buying a house, getting married, having children, saving for their retirement….They're spending less because they first have to tackle their student loan debt.”
Tackling that debt, at a projected monthly rate of .5 to 1.0 percent of the overall amount due, means that an estimated $5 to $10 billion is being sucked out of the economy each month. What’s more, the country’s dismal job market leads to rising rates of delinquency and default. Unemployed, and under-employed, college graduates have a tougher time making payments on their student loans; as a consequence, the rate at which such payments are falling more than 90 days past due is on the rise.”
Read more: http://www.foxnews.com/politics/2011/08/19/student-debt-americas-next-bubble/#ixzz1j1FQ9JVU
Presently the student loan debt is close to one trillion dollars, which has surpassed credit card debt in our country! Students borrow because they believe they do not have any other choices or options. 
There is an alternative available for all students to pay for their college without accumulating excessive student loan debt.
With the rising national deficit, can we afford not to teach and support students with the scholarship process to assist them pay for their education using the free Path to Scholarships® courses available through www.Edudaris.com? 
Testimonials
“I am not afraid of applying to schools anymore because I think I can’t afford it,” he said. “I know I am going to get in somewhere that is best for me and I will be happy.” The result at the end of his senior year was almost a half a million dollars of scholarships which included the Bills Gates Millennium Scholarship, admission to Columbia University paid in full, and scholarship money to pay for his education from the freshman year in college through medical school."
St. John Newmann High School, Naples, Florida
"Another record year at Chapel Hill High School with over one million dollars in scholarships using Path to Scholarships®! A record of nine students received Faulconer Scholarships for five years and one Dell Scholar!"
Frances Palmer, Counselor, Chapel Hill High School, Tyler, Texas
"Path to Scholarships® is a very effective program that guides students step by step. The program not only guides students through the scholarship process, but also teaches them to speak from within in learning about their life purpose. Through this curriculum students are equipped and prepared to move on to the next level!"
Jaime Valverde, Counselor, Woodburn High School, Woodburn, Oregon
*All testimonials are subject to our Disclaimer.