How the Student Debt Crisis Started and How It Can End

Photo by Vasily Koloda on Unsplash

People leave college with hopes of achieving their dreams and then student debt is the katana blade that slices that dream’s jugular vein.

The average student debt increased by around 58% from being $17,233 in 2005 to being $27,250 in 2012. By the first quarter of 2020 the total amount of borrowers for loans, 44.2 million people, owed over $1.6 trillion. That’s about 7%…