Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

As students hit borrowing limits, parents take on more loan debt

 


It is a sign of the times: A new game show, “Paid Off,” debuted Tuesday offering winners not dream vacations or new cars, but a pile of cash to help lessen the crushing weight of their student debt.

The reach of America’s student loan problem — total debt is now about $1.4 trillion — is vast. Millions of people are in default, and many young people are graduating into adulthood facing payments that limit their ability to buy homes and to start families of their own.

http://www.startribune.com/as-students-hit-borrowing-limits-parents-take-on-more-loan-debt/487940351/

 

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