A Student Loan Debt Crisis

The student loan debt crisis refers to the growing amount of money millions of people owe for higher education, often reaching into trillions of dollars. Many graduates face difficulties repaying these loans due to high debt burdens, limited job prospects, or low salaries. This can hinder their financial stability, delay milestones like buying homes or saving for retirement, and impact the economy overall. The crisis highlights the rising costs of college education and the challenges of balancing affordable access with manageable repayment options, raising public and policy concerns about long-term economic health and educational funding.