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The student debt crisis threatens the American way of life. Washington can't keep ignoring it.

Students and their families have struggled to build their dreams on top of student debt. Since the start of the Great Recession, student loan debt in the United States has doubled, with every graduating class owing more for their college degree than the class before. More than 44 million people — or the population of 20 states combined — owe a total of $1.4 trillion (more than the nation’s credit card debt) for their college educations.

The surge in student debt may be linked to the wreckage in the housing market

Even as the financial crisis and Great Recession receded, student debt began to mushroom, presenting a new credit dilemma for the U.S.

The explosive rise of student debt – from half a trillion in 2007 to $1.3 trillion in 2017 – has been blamed for holding back homeownership, for dampening discretionary spending throughout the economy, and for saddling young people with burdens they couldn’t appropriately evaluate or prepare for.

These are the ways student loans stop people from buying a house

Eighty-three percent of people ages 22 to 35 with student debt who haven't bought a house yet blame their educational loans.

Owning a home, the most common way Americans build wealth, can become a distant dream for many crushed by student debt.

In the late 1990s, Ed McKinley fell in love with a $65,000 house by a lake in New Hampshire.

The owners let him move in early and pay rent until the buying process was completed.

Inside his new home, McKinley installed a modern stove, painted the walls and began to redo the floors.

"Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans."
– Robert Reich
"If we don't change direction soon, we'll end up where we're going."
– Irwin "Professor" Corey
“What I would like to do... once I take care of all my kids' student loans, is buy a red 1965 Mustang and fully restore it.”
– Mike Quigley
The road to success is always under construction
– Lily Tomlin
"There is scarcely anything that drags a person down like debt."
– P. T. Barnum
"Nothing in life is to be feared. It is only to be understood."
– Marie Curie
“This would be a much better world if more married couples were as deeply in love as they are in debt.”
– Earl Wilson