Is America’s economy about to learn a very hard lesson regarding student debt?August 28, 20181 min read
1.5 trillion dollars. That’s an enormous amount of money. And it’s the anchor around the next generation of Americans who have student debt. In fact, we’re now seeing people declaring bankruptcy before they’ve actually started accumulating wealth and participating in the economy.
All of this spells bad news for the future.
But what can be done? Is this a problem for politicians to solve? Is it up to schools to the schools charging thousands per year in tuition? Do lenders need to be regulated? Or should the onus fall on the student’s themselves who sign on the dotted line for loans they already know will be hard to pay back?
There are a lot of questions out there and that’s where the experts from Cedarville University can help.
Kim Jenerette is the Executive Director of Financial Aid at Cedarville University and is an expert in student debt, student load default rates and the overall affordability of education. Kim is available to speak with media regarding this growing issue. Simply click on his icon to arrange an interview.