Understanding the Landscape of Student Loan Refinancing The Evolution of Student Loan Debt in Today’s Economy The student loan crisis in the United States has reached staggering proportions, with over $1.7 trillion in outstanding debt affecting approximately 44 million borrowers. This considerable burden has significant implications not only for individual borrowers but also for the economy at large. In recent years, the acceleration of tuition rates—over 200% since the early 2000s—combined with stagnant wages and unpredictable job markets has exacerbated the issue. Many graduates find themselves with crippling monthly payments that hinder their ability to invest in home ownership, savings,…
