Student loan debt now exceeds $1 trillion. How big is that? It is more than the total credit card debt.
Students owe more in school loans that consumers owe to credit card companies. Amazing.
The average student loan debt is now $24,000. But in Pennsylvania the General Assembly is debating a proposal to slash by 52% funding for public universities. Resulting tuition hikes will then send tuition to even higher levels. In turn that will price some students out of an education and put still more into greater debt still.
That cycle devours individual hopes and undermines the future of Pennsylvania.
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