Is Student Debt the Nation’s Next Financial Crisis?

Senator Ron Wyden and UO Interim President Robert Berdahl Meet with Students on Wednesday to Discuss the Debt Crisis

Portland, OR – Now that student debt tops $1 trillion and exceeds both national credit card debt and car loan debt, concerns are being raised that the difficulties students and families face in paying off those loans may lead to the nation’s next financial crisis. By some estimates, 70 percent of college graduates carry debt loads that averaged $25,000 last year.

The reasons for this high amount of debt and what can be done about it will be the topic on Wednesday, May 30, when Oregon Senator Ron Wyden and University of Oregon Interim President Robert Berdahl meet with University of Oregon students and officials. The meeting comes prior to Congress’ vote on whether to retain the cap on interest rates for student loans.

WHO:             Senator Ron Wyden;

                     University of Oregon Under-Graduate and Graduate Students;

                     University of Oregon Interim President Robert M. Berdahl;

                     University of Oregon Financial Aid and Scholarship Director Jim Brooks

WHAT:           Meeting with students and school officials on the amount of debt, the reasons behind the rising amount of student debt and what can be done about it.

WHEN:           10:30 a.m., Wednesday, May 30, 2012   

WHERE:         University of Oregon

                    Knight Library

                    Special Collections Reading Room, 2nd floor

                    1501 Kincaid St.