How the US student loan debt crisis started — and how it could end
The $1.7tn debt has become a hot political issues as midterm elections approach
America’s students have a debt problem. A big one. More than 45 million Americans – more than the population of California – now owe a collective $1.7tn in student debt.
What to do about that debt has become a hot political issues as midterm elections approach.
The vast majority of the money is owed to the federal government, which has been backing or directly offering student loans for higher education since 1958. While student loans are not...