Student Loans: growth of a whopping 56% Since 2007 [INFOGRAPHIC]

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Student Loans: growth of a whopping 56% Since 2007 [INFOGRAPHIC]

Did you know the average cost for a four year university in the United States including books, tuition, room, and board is $21,479 a year? Assuming a student finishes in the intended four years, his or her total education cost will add up to about $85,916. That is a lot of money for a young person to come up with, and most students are forced to finance at least a large portion of their education costs with student loans. Since 2007, student loan debt has grown a whopping 56% and now represents over $956 billion dollars. Of the household headed by someone under 35, 4 in 10 have student loan debt. 40% of those with student loan debt were delinquent as some point in the first 5 years of repayment.

Student Loans

 

After 10.1% Return In 2020, Mohnish Pabrai Changes Strategy [2020 Letter]

Mohnish PabraiMohnish Pabrai's flagship hedge fund, the Pabrai Investment Fund II, returned 29.6% in the second half of 2020. Following this performance, the fund returned 10.1% net for the year, underperforming the S&P 500 but outperforming the Dow Jones Industrial Average, which returned just 9.7%. According to a copy of the investment manager's year-end letter to Read More


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