When you think of MTV, you probably think of music videos, the Real World, and the long-running (but now defunct) Total Request Live.  Now it is time to add “fiscal responsibility” into that mix.

According to MTV’s new website Indebted: We’re Broke, Let’s Fix It:
• Nearly two-thirds of all four-year graduates have student loans, while in 1993, the percentage was less than half. The average student loan debt for the Class of 2006 was nearly $20,000—and that number has continued to climb. (Taking the current Federal Stafford Loan limit for all 4 years would equal $27,000)
• Most college students have at least one credit card and most carry a balance from month to month.
• Students take on more and more credit cards, and more credit card debt, as they progress through college and prepare to graduate.
• Students are more likely to open their first credit card during the freshman year of college than any other point in their life.

This interactive website also offers insight on our national debt (with a National Debt Clock that changes by the thousands every second), and gives you ways to get educated about personal and national debt, and encourages you to take action. 
Check out the website and let me know what you think!

Tuned in,
Rich