Americans have $1.5 trillion in student loans. Is it worth it?
Degrees of debt
This week, President Donald Trump signed an executive order to streamline a law that forgives injured veterans’ school debt. As another class of students heads to college, we look at the increasing amount of loans that are taken out to pay for higher education.
According to the Federal Reserve Bank in 2018, the average monthly payment of students loans was $200-$300.
More than 44 million Americans owed about $1.5 trillion on student loans at the end of March 2019, more than
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