The Baltimore Sun | March 11, 2019
By Sarah Bloom Raskin and Seth Frotman, Opinion
More than 44 million Americans owe more than $1.5 trillion dollars in student debt. A student loan borrower defaults every 28 seconds — more than 1 million each year, nationwide. Last year, three times as many Americans defaulted on a student loan as lost a home to foreclosure.
Millions of Americans are anxiously trying to deal with the consequences of student debt, including hundreds of thousands of people across Maryland.
The student loan borrowers here are teachers, nurses, service members and veterans — young and old, urban and rural, black and white. In Maryland alone, more than three-quarters of a million borrowers, including more than 115,000 people in Maryland’s rural communities, now owe more than $32 billion in student loan debt.