Students in the US collectively owe $1.34 trillion in student debt, and according to the Brookings Institute, almost 40 percent of borrowers will default on their student loans by 2023. Currently, it is nearly impossible to have your student debt forgiven during bankruptcy. Rising debt levels, coupled with increasing uncertainty about loan forgiveness programs and income-driven repayment could dissuade potential students from pursuing education and from buying homes and other investments, harming the overall U.S. Economy.
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Kristen Wiig: Bridesmaids by Paul Feig, 2011
reuters.com, Reuters Staff, 17.04.2018
cnbc.com, Abigail Hess, 22.03.2018