https://www.bloomberg.com/news/articles/2018-10-17/the-student-loan-debt-crisis-is-about-to-get-worse
While Wall Street and U.S. President Donald Trump tout news of a
booming stock market and low unemployment, college students may be quick
to roll their eyes. The improved economy has yet to mean higher wages
for graduates already struggling to pay down massive debt, let alone
ease the minds of students staring down the barrel of six-digit loan
obligations yet to come.
Federal student loans are the only consumer debt segment
with continuous cumulative growth since the Great Recession. As the cost
of tuition and borrowing continue to rise, the result is a widening
default crisis that even Fed Chairman Jerome Powell labeled as a cause
for concern.
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