Private Sector Approach: Offering Tax Exempt Student Debt Benefits

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Private Sector Approach: Offering Tax Exempt Student Debt Benefits

Dec, 2nd 2016

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America needs an urgent conversation about college affordability and how the cost of higher education is hampering economic growth. It’s a trillion-dollar problem that requires solutions now.

More than 43 million people in the U.S. are struggling under the burden of student loan debt. Americans owe more than a trillion dollars in student loans, and the average 2016 graduate owes north of $37,000 – up 6 percent from the year before. Those are the kind of numbers that could alter the life trajectory of an entire generation.

A 2015 American Student Assistance survey entitled “Life Delayed” outlines the myriad ways college loan debt is hurting borrowers and the U.S. economy. The financial and social consequences are dramatic. Not only...

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