Tags :income-driven repayment

The American Dream Deferred In the land of opportunity, higher education was once the golden ticket to upward mobility. Today, it has become a Faustian bargain for millions. With student loan debt soaring to a staggering $1.77 trillion—surpassing credit card and auto loan balances—the U.S. education system is no longer a ladder but a quicksand pit. Stories of retirees still paying off loans or adults selling plasma to cover interest payments aren’t outliers; they’re the norm. This investigative piece examines: I. The Anatomy of a Crisis: By the Numbers II. How We Got Here: A Timeline of Policy Failures 1944–1970s: Good Intentions, Flawed Execution The 1972 Tipping Point: Enter “Sallie Mae” 2008–Present: Crisis Meets Capitalism Key Quote:“We unleashed a loan monster...

Like(0)SinoLoanExpert2025-04-05China-US Loans Biden student debt reliefcollege tuition costsdebt strikeeducation affordabilityfederal student loanshigher education reformincome-driven repaymentloan forgivenessprivate student loansracial wealth gapSallie Maestudent debt crisisstudent loan interest ratesViews()