For millions of Americans, solid economic growth and low unemployment hasn't cured a festering financial problem: skyrocketing student loans. College debt has hit a new milestone, surpassing $1.5 trillion for the first time.
At the same time, experts are scratching their heads over why these loans continue to pile up even as the number of people applying for loans declines. During the past six years loan applications have dropped 20 percent, and yet total student debt has jumped by about $500 billion.
One theory is that the cost of higher education continues to rise an average of 3 percent per year. But another explanation is that a federal remedy that's supposed to help students pay their loans is actually making the problem worse.
No the problem is stagnant wages for two decades while cost of living soars aaaand a constant supply of immigrants keeping wages and benefits low
Build the wall.
These kids are tomorrows voters.
They will vote for socialism on a European model if they dont have jobs that pay for basic needs such as affordable housing and healthcare.
Sins of the Fathers (and mothers)
Corporate Greed is bringing about the inevitable.