When the class of 2015 graduated in May, they took more than a diploma and happy memories away from campus. They also left with an average student debt of $35,000 for a bachelor’s degree—earning the distinction of being the most indebted graduating class in history . Unfortunately, it’s a title they will probably concede to the class of 2016 next spring.
With numbers like these, it is becoming clear that innovative approaches are desperately needed. With their new book, The Real College Debt Crisis: How Student Borrowing Threatens Financial Well-Being and Erodes the American Dream, University of Kansas professors William […]