More than the combined market value of both Facebook and Microsoft combined, the total student loan debt in America has reached $1.4 trillion. Past economic crashes like the Great Depression and the Great Recession started under eerily similar circumstances, begging the question – could the student loan crisis be the next big crash? In the years between 2006 and 2016, the overall cost of college rose 63%, including inflated textbook prices and soaring student housing costs. This leads to millions of students unable to pay for the education on their own, forcing them to take on the burden of student…...
Student Loans: The Next Financial Crisis?
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