The sheer scale of student loan debt in the United States is staggering, impacting millions of individuals and significantly influencing the nation’s economic landscape. Understanding the magnitude of this issue requires examining not only the total number of outstanding loans but also the diverse characteristics of borrowers, geographical distribution of debt, and the far-reaching consequences on personal finances and the broader economy. This exploration delves into these critical aspects, providing a comprehensive overview of the student loan landscape. From analyzing the growth of student loan debt over the past decade to examining the demographic breakdown of borrowers and the regional Read More …
