Mar 26, 2013 12:27 AM by Annie Snead
In this tough economy, it's not hard to believe that more college graduates can't pay off their student loans.
Banks wrote off $3 billion worth of student loan debt in the first two months of this year, up more than 36 percent from a year ago.
"I mean i'm definitely worried about it, I think all my friends are worried about it," said college student Michelle Cully.
"Once I graduate it's not going to be that much compared to others, my loans are only going to be like 12 thousand so i don't have any fear of not being able to pay that off," said Kendra Haywood.
"It's been a big point of stress throughout college. I think a lot of people here do worry about that," said Eugene Mckee.
And these students at Colorado College echo a sentiment across the country, the realities of a slow economy, tight job market and rising cost of a college education.
"I'm not surprised, the current job market, the economy, just higher education isn't affordable and it's just so necessary..some kind of higher education is so necessary for a lot of jobs," said Mckee.
Despite the grim news about the inability of so many college grads to pay off their loans, it doesn't seem to be a deterrent to these CC students in their pursuit of a college degree.
"I don't want it on the forefront of my mind because I know that I am here to learn and if I do work hard in school and get a good job then I will be able to pay off those loans," said Cully.
The number of student loans outstanding also increased from february of last year by nearly thirteen percent, from $108 million to more than $123 million.