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The 6-year graduation rate (150 percent graduation rate) for first-time, full-time undergraduate students who began seeking a bachelor’s degree at a 4-year degree-granting institution in fall 2010 was 60 percent.

OK 40% do not complete their college education.
In 2018, a projected 12.3 million college and university students will be under age 25 and 7.6 million students will be 25 years old and over.

So 21 million in college. And likely 4 to 5 million new students every year.

Thus a sizable number of folks have occurred debt yet did not complete their college education. that puts them in a disadvantaged position.

Plus:“I had some of the highest placement scores they had seen,” Spangler claims, “but my credit report had too many negative marks.” With one or two exceptions, all of those marks were from student loans.

The weight of the debt has not only hindered Spangler’s search for employment—it has also affected his family and romantic life. He has had to rely on his parents to cosign for loans. And, he says, he has been “a little reticent to pursue a serious relationship,” thanks in part to fear of being judged for his debt."
Specifically, the last 20 years of student debt accumulation—driven largely by federal policy—have radically shifted the life-courses of younger Americans, whether late Gen Xers like Spangler or Millennials. Millions of Americans now enter adulthood with a burden unfaced by their parents or grandparents, which in turn slows their family formation, alters labor market behavior, and represents a profound alteration to how they live out citizenship.

Methinks a huge negative macro economic impact upon the US economy. And an ever increasing number of disgruntled folks that will have a societal & political impact upon the nation.
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