Will Student Debt Ever Be Paid Off? - KALB-TV News Channel 5 & CBS 2

Will Student Debt Ever Be Paid Off?

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Americans' student debt now stands at one "trillion" dollars. And they might never catch up financially to peers who graduate debt-free.  

Researchers at the University of Kansas Department of Economics say the situation is contributing to the country's growing wealth gap.  They say people who graduate college saddled with debt spend years paying it off, instead of putting their earnings into investments, retirement, or buying a home.  

The amount of student debt in the United States is more than what is owed on credit cards and some other installment debt. 

 

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