Wednesday, June 3, 2015

How student debt became a presidential campaign issue - Danielle Douglas-Gabriel, Washington Post

“We’re talking about over 40 million Americans who have student debt,” said Sarah Audelo of the Center for American Progress. “We have this multi-generational impact . . . and there has to be a conversation.” The latest data from the New York Federal Reserve shows that 65 ­­percent of student loans are held by Americans younger than 39, while people age 40 to 59 hold another 30 ­percent. The issue weighs heaviest on the minds of millennials, who have endured soaring college costs that forced many to take on tens of thousands of dollars in debt. A Harvard University Institute of Politics poll found that 57 percent of people under 30 believe that student debt is a major problem for young people.

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