Campbell, Colleen2019-04-252019-04-252019-03-01http://hdl.handle.net/10919/89155Students borrowed approximately $91 billion in federal loans in 2018, bringing the total outstanding loan balance to nearly $1.5 trillion. For many, college would not have been possible without such readily available financing, but the burden of debt has become too much. More than 1 million borrowers default every year, and millions more are stuck in what feels like an endless cycle of interest payments and benefits applications. Borrowers of color, in particular, are struggling to repay their debt, exacerbating long-term inequities and causing higher education to be more of a gamble than was promised.application/pdfen-USCreative Commons Attribution-NonCommercial-NoDerivatives 4.0 Internationallow-income studentseducational attainmentstudent financial aidminority studentsReporthttps://cdn.americanprogress.org/content/uploads/2019/03/06075632/How-Congress-Can-Fix-Servicing.pdf