Many Minnesotans have personally felt the squeeze from student loans. For many, there is graduation and the sudden realization that tens of thousands of dollars is owed for that education. Prior to taking out these loans, many did not worry, believing they would just find a great-paying job right out of college. However, after graduation -- for many -- the realization of the current economy and how much entry level positions actually pay starts to set in.
Graduates all over the country can also relate. In fact, student loan debt has now surpassed credit card debt. This is such an issue, not only from a having debt perspective, but because of the connection between student loan debt and larger economic issues, such as a slow housing recovery and a general lack of spending.