The media most often reports on the entirety of the student loan debt affecting millennial graduates, shocking us with reports about a generation saddled with trillions of dollars of debt. Or, we hear of individual students working to repay the hundreds of thousands they borrowed to attend elite private schools.
However, within the hype of the current student loan debt crisis, we lose sight of the students who borrowed a few thousand here, a few thousand there, only to find that for one reason or another, they are unable to continue or finish school. In this article, The Atlantic looks into why students who borrow $5,000 or less are much more likely to default on their student loans than students who borrowed more than $40,000.
Further reading on the state of student debt in the United States can be found here, in a report published by the White House earlier this summer.