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The $555,000 Student-Loan Burden

The Wall Street Journal has a story about a Medical Student who now owes over $555,000 in student loan debt.  Michelle Bisutti originally borrowed $250,000 to cover medical school, but her balance quickly ballooned as she deffered loan payments and defaulted during her residency.

While student loan debt of $500K is rare, balances of $100K+ are becoming more and more common.

This entry was posted on Tuesday, February 16th, 2010 at 21:40 and is filed under Economics, Finance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “The $555,000 Student-Loan Burden”

  1. Billy Parrish says:
    16 April 2010 at 15:18

    Think Physicians have it bad when it comes to college debt/salary? Take a look at airplane piolts. Most of those guys end up on welfare, seriously.