In order to compete in today’s job market, it’s more necessary than ever to have a college degree. At the same time, with factors ranging from decreased state investment in higher education and rising tuition rates to wage stagnation and decreased availability of government grants, more and more people have to take on student loan debt in order to graduate. With millions of Americans saddled with student loan debt, many are concerned about the long-term implications for the economy on the whole.
