Student Debt Tripled to $1.8 Trillion. Salaries Never Caught Up | Laine Schoneberger

Student loan debt has surpassed $1.8 trillion, more than tripling over the past two decades. For some borrowers in stable, in-demand careers like teaching and nursing, early salaries often still fall short of repaying the debt accumulated trying to enter the field. When a steady paycheck isn’t enough to carry the loan, the question becomes who ends up carrying it instead.

The burden can spread beyond the person who borrowed it. What starts as one graduate’s debt can end up having more far-reaching consequences than expected, long after the degree is finished. What begins as an investment in one person’s education can become something the whole family is still paying for.

Laine Schoneberger, founding partner and the chief investment officer at Yrefy, has spent years working with borrowers whose loans went into default, watching where the system breaks down before it ever shows up on paper. He joins us to explain why so many careers built on public trust end up buried in private debt, and what it actually takes to get out from under it.

Views expressed in this video are opinions of the host and the guest, and do not necessarily reflect the views of The Epoch Times.