On April 25, 2012, total outstanding student loan debt in the U.S. hit $1 trillion. MarketWatch staffer Jillian Berman takes a look at how students have made this day a call to action and the progress (or lack thereof) that has been made in the following four years.
The problem has continued to grow, even as some politicos have laid out bailout plans.
Still, activists would like to see more progress. Thompson said she’s surprised that initiatives, such as allowing borrowers to refinance their loans at lower interest rates, have yet to become reality at a national level. Instead, state and local governments are taking the lead on many of these issues.