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How the Great Recession turned America’s student-loan problem into a $1.5 trillion crisis

By MarketWatch

The financial crash, which began 10 years ago this month with the collapse of Lehman Brothers, created a perfect stormRead full story

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  • And it is a crisis of debt that continues to grow and will continue to impact economic growth

  • 10 years on, millions of young people are left struggling under the increasing weight of student debt.

  • Anyone who doesn’t agree not only that student debt is not only a huge problem for our younger generation but it’s also a huge problem for our economy is not paying attention. College education on a local level and trade schools need to be free for every resident and if not at a minimum much more affordable

    Anyone who doesn’t agree not only that student debt is not only a huge problem for our younger generation but it’s also a huge problem for our economy is not paying attention. College education on a local level and trade schools need to be free for every resident and if not at a minimum much more affordable and accessible for everyone.

  • The problem of funding Universities with consumer debt is that students and graduates have chosen degrees and careers in industries with a quick return on investment. Another reason of why the enrollment in social sciences, arts, humanities, and technical careers are in decline.

  • And it's very worse for our credit scores, so it doesnt just affect our debt, but also affects us that any other loan also gets us to have a higher interest.

  • Our higher education funding crisis. It is absurd that our children will graduate with a mortgage.

  • I don’t know why this doesn’t get more attention. It will need to be reckoned with.

  • It’s a predatory world. Many are just wolves in sheep’s skin

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