There is bipartisan agreement that something must be done about student loans, although for different reasons. Americans now hold more debt in student loans than in either auto loans or credit cards. The federal government basically took over the student loan industry in 2010, when it became the lender for federally guaranteed student loans. It currently holds more than $1 trillion in student debt. In fact, student loan debt is the federal government's largest single asset, according to the Treasury Department's annual report.

Source: CNN April 24, 2019 11:04 UTC