Voorhies is one of 45m students who are paying off debts to the federal government after seeking its help to fund their university studies. Millennials aged between 25 and 34 years old account for one-third of this number. They have faced a particularly harsh economic environment in the past decade, including the recession that followed the financial crisis, stagnating wages and rising tuition costs.
For many of this generation, higher education has not only failed to deliver on its promise of prosperity but left them trapped in a student debt nightmare. As the issue emerges as a big theme of the 2020 US presidential election, experts are urging policymakers to tackle the spiralling US student loan crisis. What are the ramifications for those suffering its worst effects?
