This year, total student debt held by Americans passed $1 trillion. The two-thirds of four-year college graduates who borrow to pay for college leave with an average of $25,000 in loans- adding to the nearly 40 million Americans already holding educational debt. And while college graduates are generally better off than their non-college peers, the drag of monthly payments threatens to make many of them worse off than previous generations of graduates. But while taking on ever-greater student loans surely affects big-ticket purchases that fuel economic growth, this impact is not fully understood.
Young Invincibles
Elevating the voices of Young Americans on top issues, such as healthcare, jobs, and higher education.