Jubilee USA

For Immediate Release

Organization Profile: 
Contact: 

Eric LeCompte, Executive Director, Kate Zeller, Campaigns Director

kate@jubileeusa.org / (o) (202) 783-3566 x105 / (m) (503) 936-7553

Fed Says College Students Have More Debt than Previous Generations

WASHINGTON - A study released from the Federal Reserve Board notes that 70 percent of college students are graduating with more than $37,000 in debt.

"Student loan debt has reached crisis levels," noted Eric LeCompte who heads the religious debt watchdog, Jubilee USA Network. "Current graduates are carrying higher debts than any previous generation."

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The Federal Reserve Board study found that college student debt levels in 2017 were twice as high as student debt in 2004.

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Jubilee USA Network is an alliance of more than 75 US organizations and 650 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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