How did student debt get this bad?
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Across the United States, 45 million borrowers now owe $1.6 trillion in debt for federal loans taken out for college — more than consumers owe on any other debt except mortgages. For the past two years, beginning as the pandemic spread, the U.S. government has allowed te ...
When President Biden canceled college debt last month, he left untouched the problem that created that debt: the soaring price of college. In the 1980s, the list price of undergraduate education at a private four-year institution could hit $20,000 a year. At some of thes ...