In recent years, the number of students enrolled in higher education has declined and the cost of attending college has stabilized relative to people’s incomes, Moody’s analysts said. But borrowers have been slow to pay back their debt, meaning student loan balances will keep growing over the years… “The growth in student loans has slowed in recent years as states have invested more in public colleges, but millions of students continue to struggle with their debts,” Debbie Cochrane, executive vice president of the organization, said in a statement at the time. The student loan debt burden, Moody’s analysts said, is “weighing on household finances and the broader economy.”

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by Harmeet Kaur, CNN.

Posted: January 19th, 2020, by: admin. Categories: . Awaiting Comments.