Student debt exceeds $1.7 trillion, more than Americans' total credit card debt. The average debt is $38,000, and some students owe hundreds of thousands. Many pay a significant portion of their income toward this debt for decades, putting off getting married, having children or starting businesses.
It reflects our society's growing tendency to regard a college education as a private good rather than a public good, which allows us to rationalize well-documented efforts to push the costs onto the student rather than the state.
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