The average college graduate today starts their foray into adulthood with $29,400 worth of student debt. More than one-quarter of today’s 38 million student debtors is strapped with $50,000 or more.
“We’re not talking about a little bit of a inconvenience,” says Dan Hurley, a policy expert with the American Association of State Colleges and Universities. “We’re talking about [debt] that can absolutely, fundamentally alter a life’s trajectory.”
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