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Is the student loan crisis over? – AEI – American Enterprise Institute: Freedom, Opportunity, Enterprise

Outstanding student debt crossed the $1.5 trillion mark earlier this year, which leads many observers to believe that new college graduates are struggling under ever-increasing levels of debt. But at least part of that perception is inaccurate. Between 2012 and 2016, the typical debt burden for a new college graduate barely increased at all.
Source: National Postsecondary Student Aid Study. Students who did not borrow are not considered when calculating medians. Totals may exclude some uncapitalized interest. Loans to parents are also excluded.
The median borrower who graduated college with a bachelor’s degree in 2012 had around $28,900 in debt (in today’s dollars). Fast-forward to 2016, and that number has barely budged. Students who graduated college in the year of the Rio Olympics owed $28,923, a statistically meaningless increase.
Yes, you read that correctly. Median student debt for new college graduates between 2012 and 2016 was essentially flat.
The picture looks slightly worse if

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