Prelude to a crisis: Student debt passes $1.5 trillion and 65% of borrowers have less than $1,000 in the bank
Student debt outstanding has tripled since 2005 — soaring past 1.5 trillion earlier this year, according to the Federal Reserve. Furthermore, one in six borrowers has a debt burden that exceeds their annual income, leading to a long-term savings crisis that has the potential to explode in the future as 65% of those who owe […]







