Who’s To Blame For The Student Loan Crisis?
Mark Kantrowitz
November 26, 2024
Shared Blame: The student loan crisis stems from rising college costs, inadequate government oversight, complex repayment systems, and borrowers’ lack of financial education.
Disproportionate Impact: Low-income, first-generation, and minority students face the greatest challenges in repaying loans, with defaults most common among those who don’t complete their degrees.
Solutions: Addressing the crisis requires policy reforms, simplifying loan programs, increasing financial literacy, and ensuring college affordability through grant aid and controlled tuition hikes.
