Student loans: To solve the problem, understand the history

June 12, 2019 | Kiplinger.com

Billionaire Robert F. Smith recently pledged to pay off all of Morehouse College class of 2019’s student loans. To do so, he announced his family is establishing a near $40 million endowment fund for the college. While this is a magnificent and inspiring gesture, it’s daunting to realize that 396 graduates could rack up that much student debt. It makes you wonder: How did we find ourselves in this position?

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