Millennials: a generation in debt

Posted on July 12th, 2013

After adjusting for inflation, students are borrowing twice the amount they borrowed a decade ago to pay for college.

Congress’ recent neglect to keep student loan interest rates from doubling to 6.8% could cost students as much as $5,000 more over the next 10 years. This will cause even more students to go into debt and will likely raise debt burdens for young borrowers.

Scholarslip, an excellent documentary about the student loan crisis, explores the real stories of young people facing their student debt.

The short documentary gives you fantastic insight into the struggles of students who had no other choice but to take out loans for college. Check out the full movie below.

Category: Student Loans & Repayment

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