The Crush of Student Loan Debt
Student loan debt topped $1 trillion late last year, according to new data released yesterday. This is almost 16 percent higher than earlier estimates. Time is running out for lawmakers to come up with a way to keep student loan rates from going up. If Congress doesn't act by June 30, interest rates on some student loans will double.
Millions of Americans are being crushed by student loan debt; debt that cannot be forgiven in bankruptcy, debt that can get in the way of buying a home, debt that could have some newly-minted graduates wondering if it was worth it. We’ll look at the costly consequences of taking on student loans and explore if there are ways to avert them.
We want to hear from you: Is your student loan debt preventing you from buying a home? From starting a family? Do you feel your college degree is worth the debt? Do you have a child who's heading to college in the near future? How will you pay for it? Tweet us or leave a comment on our Facebook page.