Degrees of debt: Stories from student loan borrowers
Going to college has long been an essential part of the American Dream. The formula reads: get an education, work hard, and you’ll get ahead no matter who you are or where you come from. Unfortunately, the current reality looks somewhat different. Education costs have skyrocketed, while family incomes have stagnated. The effects of the 2008 financial collapse are still felt across the country, as households continue to recover from the loss of a job, a house, or hard-earned savings. As a result, students and families who are strapped for cash have increasingly turned to student loans in order to pay for college.