Editorial: Can student loan debt be opioid solution?

One in two medical residents have more than $200,000 in in student loan debt. Four out of five are carrying at least $100,000 in debt. When asked about their biggest financial concerns, a survey of residents found that loan debt was atop the list.

Millennials Saw Second-Highest Increase in Student Loan Debt Since Last Year. As with many other types of debt, millennials and members of Generation Z led with the most growth in student loan balances over the past year. Millennial student loan debt increased 8% from Q1 2018, and Gen Z debt saw a 9% increase in the same time period.

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Furthermore, whereas 51.54% of graduates from South Carolina schools took on student loan debt in 2007, 60.71% of graduates had debt in 2017. This 9.18% increase over 10 years is the fifth worst.

 · With federal loans accounting for much of the $1.6 trillion in outstanding student loan debt and more than a million people defaulting on their loans each year, taxpayers are already picking up.

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By exploring all your options, you can find the best student loan solution for you, and move towards a debt-free life. Melanie Lockert and Rebecca Safier contributed to this article. Interested in refinancing student loans? Here are the top 6 lenders of 2019!

Often faced with staggering debt while working long hours or adjusting to life in new a practice setting, it can be easy for medical residents and young physicians to feel overwhelmed. While no one strategy applies to the myriad variables individual doctors face, it behooves them all.

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Student loan debt is a huge part of the millennial debt load, so much so that 34 percent of millennials making above $75,000 say they doubt they will ever be able to repay their student loans. Others note that having debt (even student loan debt) above $25,000 can severely limit personal happiness .

 · Puerto rico considers simple solution to debt crisis: Don’t pay. . Martin, a Georgia-based attorney and author of the book “Puerto Rico: The Economic Rescue Manual,” in a September editorial for The Hill. There is a human tragedy unfolding, and in my view, Wall Street should not be believing that they can draw blood from a stone.