43 million Americans have student loans. Over 70% of graduating seniors borrow money to pay for college. The average amount of loan debt that students are burdened with when they graduate is $34,000. In the year 2016, the number of defaults on student loan repayments increased by 14%.
Education Secretary Betsy DeVos told states to back off regulating the nine private companies that lend money to students last week. That could mean more student debt and more student defaults when both are already at record highs. Vox’s Libby Nelson tells Sean Rameswaram about the national crisis we never solved. And we say goodbye to Stephen Hawking.
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