1.7 Trillion in Student Loan Debt
Outstanding Student Loan Debt
Many people are still feeling the magnitude of the 2008 recession.
A recession that could have been avoided if we’d gotten control
of the subprime lending issues that ultimately caused massive
job losses, devaluing of retirement savings, and families losing their homes. Unfortunately, those in charge ignored the problems and the American public were the ones that suffered.
A Real Solution
No longer can we afford to ignore the student debt crisis. We must have a multifaceted approach, focusing not just on those already in debt, but also stopping this problem from continuing. We also need to focus not only on the borrower, but increasing accountability among colleges, universities, trade schools etc. that push students to borrow more.