IncSmart Pennsylvania (Small Business and Startups) - The highest student loan debt is located in Pennsylvania. The total debt across America is over $1.4 trillion dollars. This debt is second to America's mortgage debt for homes. Most students have loans between $10,000 and $25,000. In Pennsylvania however, the debt is over $35,000. State senators are trying to put together a plan to help students with their debt. The plans include refinancing at a lower rate and allowing tax credits.
Student loan debt has become a political hot potato with a large number of law makers making it part of their presidential platform. Politicians are blaming student loans on hampering the Trump economy. The loans are preventing people from purchasing homes and cars. Americans are starting to blame the colleges and not the students. Pennsylvania has 72 schools, and over ver 1.7 million residents in Pennsylvania have a student loan.
By IncSmart Pennsylvania Staff Writer
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