Americans owe approximately $1.6 trillion in student loans as of this year, almost a 50 percent increase of what was owed ten years ago, especially as young Americans attend higher education more frequently and school costs rise.
With one in four young Americans experiencing student debt, an analysis of student loan data is important to understanding employment and economic data.
Pew Research presents five facts about student loans, and what they mean for young Americans moving to make large economic decisions.
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