Current American student loan debt is just under $950 billion. But only slightly more than a third of young people taking out student loans, 37 percent, are now actually able to repay them on schedule. This dismal statistic, from a recent study by the Institute for Higher Education Policy, speaks to the crisis facing a generation being systematically squeezed economically and denied decent job prospects.
Oct 23, 2011
Nearly two thirds of US student borrowers behind on repaying loans
