A Google search for student loan crisis returns 12,100,000 items, most of them bemoaning the crushing debt of today’s students and demanding action to address the problem. The Huffington Post even has a special page collecting the dozens of articles it has published under the heading of “Student Loan Crisis.” There is a non-profit named Student Debt Crisis. Articles have even blamed the rising student debt load for a fall in housing demand among younger buyers. Yet, an unbiased look at the data suggests there is no student loan debt crisis.
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