How Do We Solve the U.S. Student Debt Problem? Kevin Fudge of American Student Assistance Shares Resources, Potential Solutions

According to Life Delayed, a report issued by American Student Assistance (ASA), “The average amount paid for a mortgage, student loans, and credit card debts equals $1,670.12, or 44.2% of the average college graduate’s take home pay—8.2% higher than the maximum debt-to-income ratio required to qualify for a typical home mortgage, and with no room left for an auto loan or any other type of installment loan.”

As the typical milestones of adulthood have become more difficult to attain, it has become increasingly more obvious that the United States has a student debt problem.

Kevin Fudge, Director of Consumer Advocacy and Ombudsman at ASA, believes that in order to solve Americans’ concerns about student debt, we all have to work together to change the system.

To learn more about ASA, we interviewed Kevin about what they’re doing to help consumers make educated financial decisions before, during, and after college, and what can be done by schools, organizations, employers, and the government to help protect those consumers.

Listen to the full series, “Challenges and Solutions for Student Financial Aid & Debt.”

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.