There is a crisis of college student loan debt that is mind-blowing in its scope. Let me share some numbers with you: 44.7 million Americans have student loan debt representing $1.56 trillion owed to the government and of that HUGE amount of money, 11.5% of student loans are 90 days or more delinquent or in default. Add to these facts that students are still applying to US Universities with no sign of slowing down, at least according to the statistics portal – Statista. So, the cycle of student loan debt will continue or, will it? I happen to think that the future of student loan debt is no more long-term debt, thanks to “income sharing.” Tune in to find out what I mean.
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