Over 44 million people in the US have student debt, according to the Federal Reserve. The class of 2017 owes, on average, nearly $30,000 in student loans, according to the Institute for College Access and Success. This kind of debt can be a huge weight on young college graduates.
So what can you do when student loans are the "new normal"?
Grace and Erica sat down with Bob Hildreth, founder of the Hildreth Institute, a new nonprofit fighting for debt-free college. He shared his knowledge about the student debt crisis and what could help to end it.
For more information about the Hildreth Institute, you can go to hildrethinstitute.org
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