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Why on earth is this still happening? Here we are, in throes of a long overdue reckoning about the generation-ravaging scourge of student debt. Here we are, trying to figure a way out of a $1.7 trillion dollar mess that was already kneecapping the financial and professional ambitions, personal lives and mental health status of millions of former students. Here we are, with debt forgiveness a front and center issue for the Biden administration. And yet, here we are, with an entire population of current and prospective students are now going back to school and facing the same crushing, predatory situation.
Despite an ongoing pandemic that has made higher ed a still often virtual experience for many of us, tuition costs are rising. Meanwhile, a recent NerdWallet analysis from the National Center for Education Statistics reports that this year’s incoming students are taking out more loans than ever.Continue reading