The student loan crisis in the US rivals that of the housing crisis experienced only a few years ago. Thousands of students are graduating with an alarming amount of rate and that number continues to rise year after year.
Increasing student load debt has led to a higher default rate across the board, leaving fresh graduates despondent over affordable housing and somewhat bleak job prospects right out of school.
It's not just federal loans, either; there are also plenty of private student loans tanking credit scores and preventing college graduates from enjoying lives their parents probably took for granted.
Students who graduate with debt are less likely to own a home and start a family, simply because of insane interest rates and high monthly payments, not to mention the damage defaulted loans can do to their credit scores.