The Student Debt Problem Is Worse Than We Imagined

Author Ben Miller explains how student loans have turned college into a debt trap for many.

Millions of students will arrive on college campuses soon, and they will share a similar burden: college debt. The typical student borrower will take out $6,600 in a single year, averaging $22,000 in debt by graduation, according to the National Center for Education Statistics.

There are two ways to measure whether borrowers can repay those loans: There’s what the federal government looks at to judge colleges, and then there’s the real story. The latter is coming to light, and it’s not pretty.

The above excerpt was originally published in The New York Times. Click here to view the full article.

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