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Political and Legislative

Debt Balances Rise as the Debate Over Extending Student Loan Forgiveness Continues in Congress

As the debate over extending student loan forgiveness continues in Congress, college students are taking on increasing amounts of debt.

Typically, 7 in 10 college seniors graduate in the red, owing about $30,000 per borrower, according to data from the Institute for College Access & Success.

Going forward, a 2020 high school graduate could face $37,200 in loans in pursuit of a degree at a public college or university, according to a new NerdWallet analysis of data from the National Center for Education Statistics.

Read the source article at cnbc.com

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