Student loans continue to trouble millions of Americans, with a total of $1.77 trillion already owed. This crisis has been a major political issue for a while, especially after former President Biden promised to wipe out all of the student loan debt and ended up only fulfilling half of the promise. These billions of dollars are not just numbers on a spreadsheet; they represent people who repay their debt, every month, year in and year out. While the standard repayment plan spans 10 years, the reality is far more daunting: The average borrower takes 20-30 years to repay their loans. 

There are over two million new undergraduates every year, and, on average, they graduate with…

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