The Student Debt Crisis

The Student Debt Crisis has become a significant problem in the United States. Millions of American students are facing massive debts and liabilities with no hope for recovery. While federal and private lending is available to students, the system is currently broken. Many individuals are either unaware of safe lending options, or taken advantage of by profit-seeking companies. This crisis is not only hurting the American economy as a whole, but also forcing our students to drop out of post-secondary institutions due to excessive debt. Solutions to this issue are an option and must be implemented by the United States government in order to prove successful. Factors such as educating our students, allowing borrowers to refinance or declare bankruptcy, loan forgiveness, and free higher education are among many strategies that will reduce the overall student debt in the United States. Students and their families are struggling with student debt in America and should be aware of options available for reducing it