The Awful Reality Of America's Student Loan Nightmare: Business Insider Report

The Awful Reality Of America's Student Loan Nightmare: Business Insider Report

Heading to college has become more than simply a professional necessity - it's a cultural obligation and the stereotypical rite of passage into adulthood for America's middle class Gen-Y folks. You'll read nihilistic literature by dead Muscovites, learn how to play a decent game of beer pong, and if you're lucky -- you'll graduate with a relatively intact liver and a "cum laude" diploma.

But, if you're Cortney Munna, that rite of passage its associate price tag. $97,000 in student loans -- five years after graduation.

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