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View Diary: A new approach to the student debt crisis (121 comments)

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  •  Factually incorrect (2+ / 0-)
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    Whatithink, 84thProblem

    "$1 trillion.   That’s the amount that the Millennial Generation has been saddled with in student debt."

    No, it isn't.  

    It's the aggregate amount of all student loan debt owed in the US, which includes Baby Boomers, Generation X, and Millennials.

    A Baby Boomer that took out loans in 1975 and still hasn't paid them off is included in the $1 trillion.

    A Gen-Xer that took out loans in 1995 and still hasn't paid them off is included in the $1 trillion.

    The Millennial share of the $1 trillion will be a large share, but it does not encompass the entire sum.

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