It is common practice for students to take out a loan when needing to pay the tuition for their post-secondary education. However, more and more students are finding themselves under piles of debt when they are ready to begin their new lives as professionals. The infographic below from Online Colleges takes a deeper look at student loan debt in the U.S.
The student financial aid program is far from perfect. It doesn't fit in with the modern world, where students are also part-time employees and sometimes even parents who need to take a semester off here and there to deal with other aspects of life. The answer to our financial aid problems, however, might come from Australia.