Brian Rock, Brand New Management Council Nj-new Jersey
Part one of many New Leaders series A Trillion Dollar Anchor: the extra weight of scholar Loan Debt in the Millennial Generation
There’s no question that the price of university has skyrocketed and therefore millennials are taking out fully unprecedented quantities of financial obligation to complete university.
A long time ago, federal federal federal government acquired a portion that is large of price of university, however in the previous couple of years those expenses have now been pressed on to pupils and their own families. This trend has only intensified in the decade since the Great Recession. Whatever metric you appear at, it’s the same tale: The aggregate quantity of financial obligation is up — now over $1.3 trillion.