Student Loan Debt: How (And What) Are Students Paying for College?

According to a 2017 Experian report, national student loan debt has now reached 1.4 trillion dollars, coming in second after only housing debt.

The average student loan debt? It’s about $34,000, affecting over 44 million borrowers across the country.

And according to the Federal Reserve, 10% of those borrowers are behind in loan payments.

To get to the bottom of what people are calling the “student debt crisis,” we put together a podcast series, “Challenges and Solutions for Student Financial Aid & debt.”

In this series, we explore the many perspectives around student financial aid & debt, from students trying to find a way to pay for college, to financial aid administrators trying to educate students, to employers dealing with a workforce burdened by student loan debt.

To kick off the series, we started with the challenge—how to pay for college.

In order to find out more about how the average person is paying for college, we had EdTech Times contributor Jessica Filippone interview a few students and graduates. Listen to their stories in the podcast episode above or the video below.

Media sources are calling it a crisis. But is it a crisis? Or is it something else?

We’ll get into the cause a little bit more. But even more importantly, we’ll cover the solutions, too. Fortunately, there are some schools and organizations out there trying to tackle these problems before, during, and after a student goes to college.

To find out how, listen in to the rest of our series, “Challenges and Solutions for Student Financial Aid & Debt.”

You can also subscribe below for weekly updates about the series.

Hannah Nyren

Hannah Nyren

Hannah Nyren is the General Manager of EdTech Times. A Texan by birth but a Bostonian at heart, Hannah is an educational writer, AmeriCorps alum, and one-time StartupWeekend EDU (SWEDU) winning team member. She started her career at a Pearson-incubated edtech startup, but has since covered travel, food & culture, and even stonemasonry in addition to education.