Student Debt Crisis Reaches $1.81 Trillion, Demands Advanced Financial Strategies
The U.S. student debt crisis has ballooned to $1.81 trillion, nearly triple its 2007 level, with average federal debt per borrower hitting $39,375. This isn't just a millennial problem—52% of borrowers are now over 35, proving debt repayment spans decades.
Recent changes like the FAFSA Simplification Act's shift from EFC to SAI create new optimization opportunities. Families must deploy sophisticated financial strategies beyond basic budgeting to navigate this landscape effectively.