Even in Countries Where Tuition Is Free, College Debt Can Be a Problem
Recently, Nonprofit Colleges Online, an information clearinghouse for nonprofit online education, released an infographic that puts America's student loan problems in a historical, and worldwide, context. Its findings are surprising: For example, while American students graduate with an average debt of $27,000, undergrads in the United Kingdom pick up their degrees carrying 26,000 pounds in student debt -- or more than $40,000.
And even countries with free education aren't always a bargain. For example, in Sweden, where college is ostensibly free, students still get have to borrow to pay for college fees and a high cost of living. They graduate with, on average, $19,000 in loan debt.
Ultimately, Nonprofit Colleges' infographic seems to suggest that, even where college is free, it isn't always a bargain.
Bruce Watson is DailyFinance's Savings Editor. You can reach him by e-mail at email@example.com, or follow him on Twitter at @bruce1971.