scorecard10 mind-blowing facts that show just how dire the student loan crisis in America is
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10 mind-blowing facts that show just how dire the student loan crisis in America is

10 mind-blowing facts that show just how dire the student loan crisis in America is
LifeThelife1 min read

college graduation

Boston Globe/Getty Images

Student-loan debt is at record levels in the US.

America is suffering from a student-loan debt crisis.

While wages have increased by 67% since 1970, according to a Student Loan Hero report, college tuition has increased at an even faster rate. Consequently, student debt has reached record levels.

It's part of the Great American Affordability Crisis - coupled with a fallout from the recession and a high cost of living, student-loan debt has made it difficult for millennials to save and has forced them to delay major milestones like getting married, buying a house, and having kids.

Democratic presidential candidates have been proposing policy solutions to offset the cost of college. Sen. Elizabeth Warren introduced a $1.25 trillion plan to forgive most existing student-loan debt and provide universal free college. John Delaney, Seth Moulton, and Sen. Kirsten Gillibrand have proposed student debt forgiveness or subsidized college for students who go into national service.

Meanwhile, Sens. Bernie Sanders and Amy Klobuchar, Rep. Eric Swalwell, and entrepreneur Andrew Yang have offered their own proposals to reduce the cost of college and student loan burdens.

Here are 10 facts that show just how dire student-loan debt in America really is.

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