The student debt crisis received a setback recently when the Bank on Student Loan Fairness Act sponsored by Senator Elizabeth Warren died in the Senate. It fell four votes shy of moving on for debate.
According to the Project on Student Debt, 71% of college seniors who graduated in 2013 had an average student loan debt of $29,400 per borrower. From 2008 to 2012, debt at graduation increased an average of 6% each year. President Obama has issued several executive orders to help college students with their debt. Read more