Third Way Repository of Resources on Student Loan Debt
Currently, 45 million Americans hold more than $1.7 trillion in federal student loan debt and future students are projected to take out another $1.6 trillion by 2035. With numbers this large, our student loan system needs more than the band-aid fix of universal debt cancellation. Our broken student loan system requires bold, structural, forward-looking changes to help our nation’s struggling borrowers and ensure that the repayment system is clear and manageable for those who will pursue higher education in the years to come. To inform policymakers and advocates on how to improve our student loan system, Third Way has put together a series of products on ways to reimagine the system and provide relief to borrowers in both the short- and long-term.