In a little more than 10 years, the total amount of student loan debt in this country has doubled to more than $1 trillion. In the not too-distant-future, student loan debt will eclipse the amount of money Americans owe on their cars and credit cards.
It has been 20 years since four police officers were acquitted in the beating of Rodney King, and L.A. erupted in race-fueled riots. Many in Los Angeles, including students who weren't born when the riots hit in April 1992, are reflecting on those days of anger, looting and destruction, asking why it happened and how to make sure it doesn't happen again.
Now that your child has gotten into college, have you figured out how much it's actually going to cost — and who's going to pay for it?
These questions are hitting college-bound students and their parents right about now, along with the other million questions that nobody seems to have straight answers for. Paying for college can be complicated, if not mind-boggling.
Roughly 7 out of 10 students borrow money to pay for college, and for many, the process might as well be a mystery wrapped in a riddle.