There is a growing debate over the student loan debt problem in America. Millions of former students struggle to keep up with their student loan payments which have a carry over effect in areas such as car loan and mortgage payments. It is widely accepted that student loan debt repayment is as sure as death and taxes, but is that really the case?
The Student Loan Debt Problem
If you are one of the 44 million people in America that have student loan debt, you know what it feels like to be frustrated with this seemingly unforgivable burden. Currently, the total student loan debt in this country amounts to $1.5 trillion. The average debt for each student is $37,172. With so many people struggling with this debt, what can be done?