Get the latest tech news
Student debt is haunting Americans from graduation to retirement
Going to college is supposed to be the path to a more prosperous life. But the cost of getting a degree has become a financial albatross, weighing down borrowers from the day they graduate to the day they retire — if retirement is even possible.
Student loan debt is a burden that nearly 3 out of 4 American borrowers say has forced them to delay a major life event — whether that’s buying a house, having kids or getting married, according to the latest Gallup Lumina Foundation Cost of College report. “People want to get a degree — it’s not that they don’t value it,” said Brown, the vice president of impact and planning for the Lumina Foundation, a nonprofit that aims to increase participation in education beyond high school. Amy Coody, a social worker at a maximum-security women’s prison in Wetumpka, Alabama, says she is ineligible for the PSLF program because she’s employed through a third-party contractor rather than directly by the state.
Or read this on Hacker News
