Student Loan Debt Devastates Millennials, Impacts Economy

Student Loans

(Photo : Photo by Mario Tama/Getty Images) President Barack Obama has called higher education "one of the crown jewels of this country." However, U.S. students have garnered more than $1.2 trillion in outstanding student loan debt , and 83 percent of that debt, or $1 trillion, stems from federal student loans. This has had a deep impact on millennials and the economy.

Among the 40 million young borrowers, an average student collects $29,000 to finance a college education, a debt that takes a decade, on average, to repay. The mounting student loan debt is debilitating , and it has sweeping […]