...and that's more than the entire debt owed to credit cards. If the federal government decides to tighten up eligibility for student loans, the ramifications for most of higher education would be dramatic and probably frightening.
CORRECTION? David Wallace (Oxford) points out that, "If 6 million Americans owe $1 trillion in debt, that's about $160,000 each. The ABC story gives an average of $24,000, which implies the number of debtors is about 40 million." The video clip with the writtern story is where the six million figure came from. If anyone has a link for the correct figure, please post it in the comments. Thanks.
