The Student Loan Crisis: Episode 1 - The Basics

The Student Loan Crisis has rapidly grown over the last decade. Student debt is at an all-time high, and loan forgiveness is back in the news. This is the first in a six-part series that aims to dispel some of the stigmas around loan forgiveness while providing insight into the depth and breadth of this crisis. From cultural expectations and career goals to predatory lending and economic factors, this Nu Deal series will shed light on all things student debt-related and examine the path forward.

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Sources

https://www.nerdwallet.com/article/loans/student-loans/student-loan-debt

Basic figures on loan debt in the US

https://www.cnbc.com/2020/12/22/us-student-debt-has-increased-by-more-than-100percent-over-past-10-years.html

The increase over 10 years

https://studentloanhero.com/student-loan-debt-statistics/

Detailed information on Federal Student Debt