What America Owes In Student Loans
Total student debt has gone through the roof. But the average debt per college grad has gone up much more slowly.
The amount of student debt being taken on every year has been rising rapidly for years now.
You probably know these things already. People keep reporting it, with the implication that student debt is out of control, that there is some kind of crisis building.
But it turns out that the rise in total student debt is not primarily the result of each student borrowing more money. It's the result of more students going to college.
"The main force pushing up the total amount of outstanding