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The Student Debt Crisis: Could It Slow the U.S. Economy? mic Listen to the podcast: Student debt has more than tripled since 2004, reaching $1.52 trillion in the first quarter of 2018, according to the Federal Reserve – second only to mortgage debt in the U.S. College costs have outpaced the Consumer Price Index more than four-fold since 1985, and tuition assistance today is often harder to come by, particularly at schools without large endowments. There has been a big shift in terms of who should bear the burden of the cost of education, said Benjamin Keys, a Wharton real estate professor with a specialty in household finance and debt. We know the stories of our parents, that they could earn enough working as a lifeguard in the summer to pay for a semester of college.

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