Student-Loan Debt Is Crushing Millennials

Student-Loan Debt Is Crushing Millennials

In their 2015 song “Stressed Out,” which got an astonishing 1.5 billion viewson YouTube, the band Twenty One Pilots had a line lamenting student loans. Atlantic writers Conor Friedersdorf and Megan Garber declared the song to be the anthem of the millennial generation. Many educated millennials would likely agree — since 2006, student debt has approximately doubled as a share of the economy: The increase seems to have paused in the past two years, possibly due to the economic recovery (which allows students and their families to pay more tuition out of current…

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Report: Obama Department Of Education Drastically Underestimated Student-Loan Debt

Report: Obama Department Of Education Drastically Underestimated Student-Loan Debt

With the media’s focus on the Inauguration and the new president’s first week in office, a recent Wall Street Journal report has gone little noticed. According to the report, on January 13 (just one week before the outgoing administration up and went), the Obama Department of Education dropped a memorandum confessing that it had “overstated student loan repayment rates at most colleges and trade schools.” The “updated numbers” provided by the Department were analyzed by the Journal’s staff, who found that the new data “revealed that the Department previously had…

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