College Debt Load Gives Generation Y Grim Outlook

Millions of young adults across the country let out a collective sigh of relief when the Fed affirmed that it would hold the target rate at 5.25% for at least another month. For these recent college graduates, the steady up-tick in interest rates during the previous 17 months has provided an extra sobering dose of the postcollegiate ‘real world.' Every quarter-point rise means the prospect of paying off their student loans has become evermore daunting.

via: http://www.nysun.com/article/40307