Connecticut’s legislature is considering forgive as much as $2,500, or 5% of loans, for those who go to work in green technology and other industries. Students would have to earn a bachelor’s or associates degree. Then work in CT for at least 2 years. This is an effort to increase CT’s work force in high-growth green technologies.

That’s right you can be denied a professional license for student debt.  Accreditation boards have denied licenses or renewals to lawyers, nurses and physicians.  Lynn O’Shaughnessy, of CBS Money Watch, sums it up with, “The judge’s decision made me wonder what’s next: Debtor prisons for delinquent student borrowers?” Read her full story

From the Miami Herald the U.S. Department of Education of education reports that college debtors:

- 34 percent have sold possessions to make ends meet.
- 42 percent live “paycheck to paycheck”
- 39 percent say they will take more then 10 years to pay it all off.
- 27 percent put off medical or dental procedures.
- 48 percent suffer from anxiety and sleeplessness.
- 43 percent put off grad school.
- 47 percent say their families should have done more to save for college.

CNNMoney.com reports on how the large amount of debt students are now graduating is diverting careers,marriage and buying a home.

Average debt for students graduating in 2003-2004
$15,622 for public schools
$22,581 for private schools

Average debt for students graduating in 1990
$9,798 for public schools
$15,054 for private schools

Read full article from CNN Student loans – a life sentence.