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2020 Presidential Election

2020 Education: Student Loans

WHAT IT IS

  • A student loan is money borrowed by a student from a bank to pay for college tuition

  • The money is then owed back at a specific time and is charged an interest rate for borrowing. [Cambridge Dictionary]

  • An interest rate is an additional charge to borrow money. [Merriam Webster]

  • When you borrow money, you are now "in debt." [Merriam Webster]

  • There is a student loan debt crisis in the U.S. [Bloomberg

  • Four out of ten adults under 30 have student loan debt. [Pew Research Center]

  • 44.7 million borrowers collectively owe $1.5 trillion; 11.4% of borrowers are delinquent or cannot pay. [Forbes]  

  • 2014-2016: 3.9 million students dropped out of college with debt. [NPR

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2020 Topics:

EDUCATION                           

Key Vocabulary