National Student Loan Debt

National student loan debt refers to the total amount of money borrowed by students across the country to pay for higher education, which they are required to repay with interest. It accumulates as individuals take out loans to cover tuition, housing, and other expenses. As of recent years, this debt has reached over a trillion dollars, impacting personal finances and the economy. Managing this debt involves understanding repayment options, interest rates, and the importance of borrowing responsibly to avoid long-term financial strain.