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This content was originally published by McKinsey Insights & Publications. Original publishers retain all rights. It appears here for a limited time before automated archiving. By McKinsey Insights & Publications
Total student debt is now higher than credit card debt in the United States, and the numbers are growing quickly and steadily: our research shows that each graduating class has more debt than the class before. The COVID-19 pandemic threatens to increase debt to new heights. How much more can students take?