On average, 43 million school loan borrowers owe $38K each.  Young adults were heavily encouraged to accept financial aid — loans.  Student Loans Icon Set with Academic Scholarships & Debt Imagery Student Loans Icon Set - Academic Scholarships and Debt Imagery financial aid stock illustrationsRepayment was often burdensome, and families were encouraged to delay payments by continuing their education. Mandated payments are typically low and mostly repay interest on interest, not principals.  Loans are sold off,  interest rises, and payments seem eternal.  The current administration has forgiven loans for one in ten student loans, while loans paid off by essential services are infrequently offered.   Read more>>>

 

Deeper dive: alternatives to forgiveness of student loan debt

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