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Ohio is one of the top states in the country with the most student loan debt and has a high debt-to-income ratio. Ohio ranked as the No. 9 state for the most student loan debt in the country Skip ...
(The Center Square) – Potential cuts in school funding would grow inequality in Ohio schools and reduce the state’s future economic output, a group of economists said. The survey of 16 ...
American student loan debt is sky-high, with some estimates putting the total number over $2.19 trillion—that’s higher than all U.S. credit card and auto loan debt combined.
There is concern that the possible higher education bubble in the United States could have negative repercussions in the broader economy. Although college tuition payments are rising, the supply of college graduates in many fields of study is exceeding the demand for their skills, which aggravates graduate unemployment and underemployment while increasing the burden of student loan defaults on ...
In 2018, a poll by Lake Research Partners and Chesapeake Beach Consulting found "an overwhelming concern among voters regarding the level of student debt." [47] The most visible student loan resistance groups in the U.S. are the Strike Debt Debt Collective and Student Loan Justice. [48] [49]
A closely related issue is the increase in students borrowing to finance college education and the resulting in student loan debt. In the 1980s, federal student loans became the centerpiece of student aid received. [48] From 2006–2012, federal student loans more than doubled and outstanding student loan debt grew to $807 billion. [48]
In each of these states, the average student debt per borrower comes in just under $33,000. The three states with the highest student debt per borrower are: Maryland – $43,298. West Virginia ...
Student loan debt most aggressively traps lower-income earners, often preventing them from rising in the economic ranks. This feeds into America’s disproportionate division of wealth.