Student Loans Today
Joe Stiglitz outlines some statistics re student loans today:
- 13% of
student-loan borrowers of all ages owe more than $50,000
- 4% owe more than $100,000
- 17% of student-loan borrowers were 90 days or more behind
in payments
- three-year default rates exceeded 13%
- total student debt, around $1 trillion, surpassed total credit-card debt last year.
The job market is not getting better. Salaries for the average worker are not increasing. Do we have a problem? What are our leaders doing about it?
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