The increasing crush of student loan debt is getting worse. According to a new report, Americans owe more than $1.3 trillion in student loan debt and the average graduate owes more than $37,000 -up six percent from the year before. The financial pressure could lead new grads to put off future purchases of big-ticket items like cars or home – decisions that could have a negative effect on the economy. Meanwhile, state leaders launching a campaign in order to help Massachusetts families better understand what’s at stake. Gabrielle King Morse (@GabMorseKing), the Massachusetts director of UAspire - a nonprofit which helps students find an affordable path to and through college - and Tom Graf (@MEFAtweets), executive director of the Massachusetts Education Financing Authority (MEFA) are part of that initiative and join Jim to discuss their outreach efforts.
Student Loan Debt
March 15, 2017