Outstanding student loan debt in the U.S. has increased by 122% in 2019 dollars. The crisis has reached the national political arena, with policymakers calling for debt cancellation up to $50,000 for federal borrowers. While richer students have higher absolute debt, low-income students experience massive and growing relative debt burdens. Students in majority-Black and Hispanic zip codes, who are more likely to attend for-profit private institutions, have seen larger debt increases.
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Unceasing Debt, Disparate Burdens: Student Debt and Young America