📚Student loan debt in America has reached $1.3 trillion.
💰Student loan debt now exceeds credit card debt in America.
📉The number of defaults on student loan repayments has increased by 14%.
🎓The average amount owed by students upon graduation is growing significantly each year.
📉The new Trump budget introduces policies that worsen the student loan crisis.
How much student loan debt is owed in America?
—The total student loan debt in America is $1.3 trillion.
Has student loan debt surpassed credit card debt?
—Yes, student loan debt now exceeds credit card debt in America.
Has the number of defaults on student loan repayments increased?
—Yes, the number of defaults on student loan repayments has increased by 14%.
Is the average amount owed by students upon graduation growing each year?
—Yes, the average amount owed by students upon graduation continues to rise.
What impact does the new Trump budget have on the student loan crisis?
—The new Trump budget lacks relief for students and introduces policies that worsen the student loan crisis.
00:00Student loan debt in America has surpassed credit card debt, with $1.3 trillion owed by 42 million Americans.
00:08The number of defaults on student loan repayments has increased by 14%.
00:11The average amount owed by students upon graduation continues to rise.
00:21The new Trump budget introduces policies that worsen the student loan crisis.
01:24For-profit colleges and universities heavily rely on federal subsidies and contribute to the high percentage of student loan defaults.
03:35Attorneys General across the United States have raised concerns about the regulation of for-profit colleges and universities.
04:38The Trump budget increases interest burden and restricts loan forgiveness programs.
05:00Addressing the student loan crisis requires comprehensive discussion and a reevaluation of the role of the Federal Government in supporting higher education.
