How U.S. Education Became A "Debt Sentence"

With the student loan crisis showing no signs of improvement, there's little to no light at the end of the tunnel for America's debt-ridden graduates. As Statista's Niall McCarthy notes, The National Association of Realtors say 45 million people across the U.S. are carrying student debt with a fifth of them owing $100,000 plus. Unsurprisingly, that is impacting home ownership and the Realtors say that 83 percent of people aged 22 to 35 who have not purchased a home blame their student debt.

The Northeast of the country is the worst affected and according to a CNBC report, 75 percent of New Hampshire's graduates carry outstanding debt, the worst in the country, with the average amount owed $36,367. Utah has the lowest rate of debt and graduates there owe an average of $20,000.

The following infographic shows how third-level education in the U.S. has gone from being a dream to being a "debt sentence" for millions of American students.

More

from Salisbury News https://ift.tt/2ooYF8z