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For Immediate Release

Contact

Eric LeCompte, Executive Director, Kate Zeller, Campaigns Director

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

Press Release

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."

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 interfaith, non-profit alliance of religious, development and advocacy organizations. We are 75 U.S. institutions and more than 750 faith groups working across the United States and around the globe. We address the structural causes of poverty and inequality in our communities and countries around the world.

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