A Dream or a Nightmare? Who pays in a world without student loans? - The National Law Review

Anyone who hasn’t heard about the “student loan crisis” in the U.S. hasn’t been paying attention. U.S. student loan debt is estimated to range from between $1.2 and $1.6 trillion with more than seven million borrowers in default. On an individual level, a graduate of a four-year college who took out a loan to get through currently owes, on average, $28,000. Average debt for a student who completed graduate school, as you would expect, is greater, and can range from $50,000 to more than $100,000. The figures are not exact, and depend on variables such as the degree and institution but specifics are hardly needed to understand that student loan debt is crushing many young (and aging) professionals and is now front and center in current national and political discussions.

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