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.


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