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The student debt crisis needs our urgent attention. As of Q1 of this year, Americans owed more than $1.75 trillion in federal student loans—a 250% increase from just 17 years ago.
3. The debt crisis will give Republicans even more excuse to do what they’re always wanting to do: slash safety nets.
Once again, consumers are deep in debt, inviting another crisis. The third big lesson we didn't learn concerned the rigging of American politics.
Robert Reich, former U.S. Secretary of Labor, is professor of public policy at the University of California at Berkeley and the author of “The System: Who Rigged It, How We Fix It.” ...
Robert Reich, “The Commencement Address That Won’t Be Given“: “Outstanding student debt now totals over $1 trillion. That’s more than the nation’s total credit-card debt. The ...
We could reduce monthly payments to about $50 from $370 on the average debt load of $35,000 — and much less on the smaller amounts that community college students typically borrow.