Today, 43 million Americans hold some sort of student debt, America holds $1.3 trillion in student loans, and the average student is graduating with nearly almost $30,000 in debt. Millennials know this is a crisis—they’re experiencing it first-hand. Recent research shows that it’s the issues—not the candidates—that will inspire the youth vote. And the results are in: student debt is not just an issue for Millennials, it’s the issue.
As the student debt crisis only worsens in states across the country, some state leaders have done little to help borrowers. Young people are eager to see solutions to the student debt crisis, and we know that policies like debt-free college and student loan refinancing would help young people especially.
Higher education is on the ballot in a number of states. Candidates have taken up the rallying cry of debt-free college, pledging to bring student loan refinancing, a strong Pell grant program, and strict regulations for for-profit institutions to their states. But other state leaders have been more rhetoric than action, expressing sympathy for borrowers but doing nothing to take concrete steps to bring forth policy to ease the debt burden.
Check out how higher education is playing into the races in your state in the fact sheets below.
To learn more about how the student debt crisis impacts our country, its unique constituencies, and the presidential election, check out our higher education messaging toolkit.