The Federal Reserve has reported that by the end of 2020, U.S. college students had amassed a record 1.7 trillion dollars in student debt. The average student carries a debt load of almost forty thousand dollars. Graduates trying to keep up with those monthly payments has ripple effects throughout the economy, with young people forestalling […]
The latest reports show that more than 44 million Americans owe a total of $1.7 trillion in student loan debt. It’s the biggest source of debt in the American household after mortgages. And this is not just a problem for wealthy, white degree-holders and families. Student loan debt shapes the labor market and contributes to […]
Nearly two-thirds of Wisconsin college students have outstanding student loans. Total loans totalled a staggering 24 billion dollars in 2018, for an average of $31,700 per student — one of the highest averages in the country. All that money spent on student loans means money that students can’t spend elsewhere, such as on housing […]
Student loan debt in the United States has increased significantly over the past decade, jumping from $600 billion in 2008 to over $1.5 trillion USD today. This affects 44 million borrowers and their families, two-thirds of whom are women experiencing the ongoing gender wage gap. How did we get to this point, and where can […]
In the United States right now, student loan debt is second only to home mortgage debt. How did we get here? With another school year starting off, we thought we’d take a close look at just how much university education costs in America—and what that price tag is doing to student borrowers, the economy, and […]
(WORT) — Governor Scott Walker announced Monday a new set of proposals that his party says will help make higher education more accessible and affordable. The legislative package includes measures to combat skyrocketing student loan debt, but some are questioning whether it goes far enough. Darien Lamen reports.