Nearly 2,600 Sonoma State seniors walked across the stage at Weill Hall this past weekend to receive their diplomas. It was the University’s largest graduating class in its history and that means even more graduates left commencement with student loan debt. KRCB’s Tiffany Camhi reports.
Student loan debt has become a national debt crisis. According to the Federal Reserve's most recent consumer credit report, student loans, at $1.4 trillion, are now the second highest consumer debt in the nation. That's just behind mortgage debt and higher than auto and credit card debt.
If you're one of the millions of federal student loan borrowers, you can find out several ways to repay your debt through the federal student aid website.