The student debt to the U.S. government reached about $807 billion in 2014. The sum was below $100 billion in 2007. U.S. students owe private creditors $1.13 trillion more. About half of young Americans start adult life with debts, cnsnews.com reports.
According to the tendency of the recent years, universities become richer, students poorer. The U.S. government has launched several programs to help students with debts. Writing off students' debts, the federal government forces tax-payers to pay for them.
