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How the US student loan debt crisis started — and how it could end

Posted on AllSides May 26th, 2022
From The Left
Education, Student Loans
Photograph: Stefani Reynolds/AFP/Getty Images

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...

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https://www.theguardian.com/money/2022/may/26/us-student-loan-debt-forgiveness-cost

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