Paying Off College Debt Could Take a Lifetime

The video discusses the grim state of the student loan crisis, highlighting that borrowers are only paying down about 1% of their federal debt annually. This slow repayment rate has turned student loans into a significant political issue, with progressives advocating for bailouts and conservatives blaming government policies. Income-based repayment plans have helped reduce delinquencies but have also slowed repayments. The video also notes that the economic context, with low unemployment and a long economic expansion, could worsen the crisis if conditions change.

What percentage of their federal debt are average student loan borrowers paying down each year?

How long will it take for the average borrower to pay off their debt at the current repayment rate?

What are the reasons progressives propose a bailout for student loans?

What impact have income-based repayment plans had on student loan delinquencies and defaults?

What could happen to the student loan crisis if economic conditions worsen?