Theimproved economy has yet to mean higher wages for graduates alreadystruggling to pay down massive debt, let alone ease the minds ofstudents staring down the barrel of six-digit loan obligations yetto come. (Photo: Shutterstock)
While Wall Street and U.S. President Donald Trump tout news of abooming stock market and low unemployment, college students may be quickto roll their eyes. The improved economy has yet to mean higher wages for graduates already strugglingto pay down massive debt, let alone ease the minds ofstudents staring down the barrel of six-digit loan obligations yetto come.
Federal student loans are the only consumer debt segment withcontinuous cumulative growth since the Great Recession. As the costof tuition and borrowing continue to rise, the result is a wideningdefault crisis that even Fed Chairman Jerome Powell labeled as acause for concern.
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