All Education Matters: Mark Kantrowitz Argues That Six-Figure Debt Is Uncommon

All Education Matters: Mark Kantrowitz Argues That Six-Figure Debt Is Uncommon:

Mark Kantrowitz Argues That Six-Figure Debt Is Uncommon

by Cryn Johannsen

Mark Kantrowitz claims that six-figure debt is a rarity, and says that journalists are sensationalizing the problem. While it might be true, based upon his findings, that there is not a huge percentage of people with that sort of student loan debt, the fact remains that we are in a full-blown crisis. Journalists and activists are not the only ones who acknowledge the crisis. Higher education policy analysts, politicians, and other experts recognize the problem. More importantly, those who are being crushed by their debt, and also realizing that their window of opportunity for financial security in the future is narrowing, know all too well that the crisis is worsening. Those stories matter.

Furthermore, there is no debate that the dramatic increase in default rates on student loans is worrisome.  This