bankruptcy – The National Center for Social Impact

The Student Debt Crisis Is Exploding–Nothing Less Than a Student Debt Jubilee Will Do

The level of student loan debt in the United States has risen to $1.5 trillion, and defaults are at more than 40% of debtors and rising. Student loan debt has grown to overwhelm all other categories of non-housing consumer debt in this nation. Underneath this crisis are rising tuition costs, a predatory student loan industry and an absence of consumer protections for students. Student debt is the only [...]