Student debt crushing next generation of consumers

More than 38 million Americans have student loan debt, totaling nearly $1 trillion–a staggering number that has quadrupled in 10 years and keeps rising. Student loan debt now surpasses credit card and auto loan debt in America, and interest rates are set to double July 1 from 3.4 to 6.8%. Rates can soar all they like, but those with insufficient employment and income to repay the loans at 3.4% never will at 6.8%.

Here is a direct link.

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