Student loan debt in the United States has reached an astronomical high. How did we get here?
Beloved astrophysicist Neil deGrasse Tyson once quipped that a stack of a trillion dollars would reach the moon and back four times. So calling America’s student loan debt—currently at $1.1 trillion—astronomical is not much of a stretch. According to the Federal Reserve Bank’s Household Debt and Credit Report, 11.3 percent of that total was at least 90 days past due in the fourth quarter of 2014.