Though graduates having debt to the tune of $100,000 or more are small in number as of now but the number of graduates of this category is increasing leaps and bounds every single passing day. Many students until the time of their graduation get trapped in the huge debt that can not be settled without hardship after college.



In the year 2004, around 8 percent seniors were having student loans of $40,000 or more. On the other side, around 11 percent of graduates from private colleges have taken loans of $40,000 or more in comparison with 5.5 for public colleges for the same amount.



The vicious cycle of debt, prevent fresher to pursue career in the desired field or in the fields where salaries are modest.



Following are few reasons usatoday has tried to explore:



1. Inflating debt balances.



2. Shrinking federal aid.



3. An increase in private loans.



4. Pressure for advanced degrees.



5. Long-term value?



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