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10 Questions

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Student Debt in America

Created by

@JawDroppingSagacity

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the current total amount of student debt in the United States?

$2 trillion

$1.6 trillion (correct)

$1 trillion

$2.6 trillion

What percentage of borrowers in the survey had delayed getting married due to student debt?

26%

41%

21% (correct)

36%

What percentage of borrowers in the survey had pushed back having kids due to student debt?

41%

36%

26% (correct)

21%

What percentage of borrowers in the survey had put off buying a home due to student debt?

36% Signup and view all the answers

How much more do college graduates earn compared to those with just a high school diploma?

80% Signup and view all the answers

How has the student debt crisis impacted traditional markers of adulthood?

The student debt crisis has forced borrowers to delay getting married, having kids, and buying a home. Signup and view all the answers

Why is it becoming harder to earn a living wage without a college degree?

Advancements in technology, especially automation, are making it harder to earn a living wage without a college degree. Signup and view all the answers

What is the current total amount of student debt in the United States as of June 2020?

The current total amount of student debt in the United States as of June 2020 is over 1.6 trillion dollars. Signup and view all the answers

What is the historical significance of the current student loan debt?

This is the first time in our nation's history that we've ever held this much in student loan debt. Signup and view all the answers

How much more do college graduates earn compared to those with just a high school diploma?

College graduates earn 80 percent more than those with just a high school diploma. Signup and view all the answers

Study Notes

Student Debt in the United States

As of June 2020, the total amount of student debt in the United States is unknown (awaiting update).
Student debt has significant life implications, with 31% of borrowers delaying getting married due to debt.
23% of borrowers have pushed back having kids due to student debt.
21% of borrowers have put off buying a home due to student debt.

Economic Implications of Higher Education

College graduates earn significantly more than those with just a high school diploma, with a difference of unknown amount (awaiting update).
The student debt crisis has impacted traditional markers of adulthood, such as marriage, parenthood, and homeownership.
It is becoming harder to earn a living wage without a college degree, making higher education a near-necessity.

Historical Significance of Student Loan Debt

The current student loan debt has significant historical importance, with unknown implications (awaiting further context).

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Description

Test your knowledge on student debt in America with this informative quiz. Learn about the staggering amount of debt owed by millions of Americans and discover the side effects of this financial burden. Challenge yourself to understand the impact of student loans on individuals and society as a whole.