“Exacerbated inequality. Long term health problems. Stalled economic growth. Damage to key sectors of the economy. The student debt crisis is not just felt by America’s 45 million student loan borrowers—its effects ripple across communities and our country. Research over the years has highlighted the sometimes less-than-obvious ways that student debt is creating severe, long-lasting consequences for borrowers and society as a whole.
In recent months, our research roundups have helped spotlight an array of studies looking at how student debt is damaging people’s health, creating a crisis for borrowers living in rural communities, affecting America’s farmers, stalling small business growth, and worsening economic inequality. This research makes clear that reducing the burden of student debt is critical to promoting a strong economy, and the well-being of all Americans.”