There’s no denying the dangerous situation that has emerged as a result of rising tuition rates and skyrocketing student-loan debt levels. According to the Federal Reserve Bank of New York, total student debt has reached $1.19 trillion, surpassing auto-loan debt and nearly double national credit-card debt.
The average college graduate in 2015 owed at least $35,000 in student-loan debt, and many parents are also on the hook for huge amounts of education-related debt, especially since students are only able to borrow in their own name a very limited amount from the government during their undergraduate years. Their parents, on the other hand, are often loaned as much money as needed for the cost of college.
Clinton, who is hoping to maximize her support from younger voters, says the way to resolve these problems is to essentially socialize much of higher education.