Image by Grace Gay for Research Professional News
Growing individual and total levels of student debt threaten knock-on effects for the US economy
The volume of student debt amassed in the United States has potentially devastating consequences, not only for young people but also for their local communities and the national economy. That is according to former university president Fieldon King Alexander, who earlier this month addressed a trans-Atlantic conference that looked at the issue of student debt in both the US and the United Kingdom.
His address came as the federal government is considering its next steps in a bid to legislate for a US-wide student debt relief programme.
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