TIME

Who’s picking up the education tab?

THE PROBLEM of skyrocketing college costs is, by at least some measures, even worse than we thought. The total amount of outstanding student debt has roughly tripled in the past decade, creeping toward $1.3 trillion, and 1 in 10 borrowers is now either delinquent in repayment or already in default.

While the biggest burden disproportionately falls on low-income students, especially those attending for-profit universities, college costs have become a problem

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