Educational Technology

October 20, 2017

Solve the Student Debt Crisis

Filed under: Educational Technology — admin @ 12:29 am

By David Levin, US News

Student debt is skyrocketing, and we’re not even beginning to address it. According to the most recent data from the Federal Reserve Bank of New York, total student debt now tops $1.3 trillion. It is the single fastest-growing segment of U.S. consumer debt, increasing by 170 percent over the past decade. Some 44 million Americans currently hold student debt – and 8 million of those have already defaulted on their loans. Why do so many Americans struggle to pay off their student debt? There’s no single, simple answer, but there are perhaps two core factors: the rising cost of college itself, and – perhaps less predictably – our dismal graduation rates.

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