In 2019, the total student loan debt in America is about $1.5 trillion. According to the New York Consumer Credit Panel, adults under 40 hold 65% of the total student loan debt. Although there has been much said about this figure, the income enhancement offered by a college degree still far outweighs the cost of the debt.
This week, the U.S. Senate marked the anniversary of the Great Recession by pretending it never happened. Instead, it passed a hurtful plan to roll back consumer protections, including bank data reporting requirements put in place to prevent another financial collapse.