Economics
The Far-Reaching Burden of America’s Student Debt
- About 2.8 million people owe $100,000 or more, and it’s rising
- Debt writeoff enters 2020 presidential race with Warren plan
Photographer: Allen J. Schaben/Los Angeles Times via Getty Images
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The $1.6 trillion in U.S. student debt may not pose a direct threat to the economy, but it’s causing anguish that goes far beyond financial concerns for the people who owe it.
One in 15 borrowers has considered suicide due to their school loans, according to a survey of 829 people conducted last month by Student Loan Planner, a debt advisory group.