The reason why is simple: Many millions of Americans have amassed student debt in piling up college, vocational or other training credits.
And the amount they owe is often far from trivial.
In some cases, it is flatly mind-numbing. It is far from uncommon to hear stories of six-figure debt levels confronting even persons who have graduated from college with bachelors' degrees. And it can take decades for some persons with advanced or narrowly focused professional degrees to pay the last dime on their loan obligations.