Student Loans

What is the student debt bomb?

August 8, 2019
Elizabeth Barcelos
Student Loans

America’s student loan debt continues to spiral out of control, a ticking time bomb for our nation’s financial future. At the end of 2018, student loan debt hit over $1.5 trillion, tripling in size since 2006. Tuition costs grew exponentially as state and federal funding of higher education diminished. At the same time, college education became a prerequisite for starting a career. Students took out these loans in good faith, only to be faced with unprecedented debt burdens as they try…

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Regional Application

This information is only applicable to people who live in Santa Clara County, California, USA. In the USA, the bankruptcy law is a federal law that applies in all states. The property that can be protected (“exempted”) by people who file bankruptcy is prescribed by state law, however. Bankruptcy, property, and exemption law is further affected by court decisions that apply in certain geographic areas. If you live in the USA, but are outside of Santa Clara County, please consult an attorney in your own area.

General Information

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