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Our Children’s Future is Too Big to Fail

Student loan debt is at $1.6 trillion and climbing, second only to mortgage loans in sources of personal debt. Mortgage loans account for $10.2 trillion in U.S. personal debt while consumer credit weighs in at a measly $3.89 billion. Mortgage loans and consumer credit are spread among all segments of society, while student loans are concentrated among young people. Student loans, like mortgage loans, are sometimes…