Federal data shows 3.9 million students dropped out of college with debt in 2015 and 2016

“The saddest stories among those who owe some of the $1.3 trillion in student loan debt are those of college dropouts. They took out loans to go to school, hoping for a better life. But without college degrees, many don’t find good jobs to help pay back these loans. It not only ruins their lives, it’s terrible for the nation’s budget. The loans are financed by the federal government, ultimately leaving taxpayers on the hook.”