I read last night the average American household has over $130,000 in debt, $48,000 of that in student loans, and $15,000 owed to credit card companies.I have to wonder when this became acceptable. I got my college degree when it was less expensive to do so, and I graduated "only" owing $16,000. I paid that off slowly but surely, and it was a very exciting day when I called my student loan company and asked about not receiving my last bill. I owed three dollars and some change, and I was looking forward to making that final payment. (This was in the days before online banking.) I was told that it wasn't worth it to them to even send a bill for that amount, and it was marked paid in full. I can still remember where I was sitting when I was on the phone, where the Christmas tree was located in the room (we tend to have it in different spots), and even which phone I was on (a landline.)
