US Student Loan Crisis: Defaults, Delinquencies, and Lifelong Debt Challenges
TL;DR Summary
Many Americans are now living with student loans for their entire lives, with some borrowers, like Tala Henry-Halabi and Tammy Sabens, facing decades of debt that significantly impact their lives and retirement plans, highlighting systemic issues in the US student loan system that make debt forgiveness and manageable repayment difficult.
- They’re in their 60s and still paying off student loans. College debt in America now lasts a lifetime. MarketWatch
- Millions of student loans are in default. Act now to save your credit USA Today
- Student Loans For 6.4 Million Borrowers Are Heading Toward A Dangerous ‘Cliff’ Forbes
- Some student loan borrowers pay 'more than necessary,' advisor says. What to know about relief programs CNBC
- More than 9mn US borrowers miss student loan payments as delinquencies rise Financial Times
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