The student loan problem in the US didn't exist 15 years ago. It is a big problem now, all due to the US Government perpetually backing higher loan amounts. Student loan debt has increased by about eight fold in that time. About 13% of Americans have student loans, and only about 3-4% of Americans have problematic student loans.
The median student loan debt is less than the cost of a cheap car: $13,700.
Between, say, ~1940 and 2000 the US had both the best university system on earth and it was affordable.
There are still a lot of public universities in the US that are extremely affordable to go to.
The median student loan debt is less than the cost of a cheap car: $13,700.
Between, say, ~1940 and 2000 the US had both the best university system on earth and it was affordable.
There are still a lot of public universities in the US that are extremely affordable to go to.