JP Morgan chief Jamie Dimon says we need to “fix the broken parts” of student lending in the United States, according to Yahoo Finance.
“What we’ve done is a disgrace and its hurting America,” JP Morgan’s chief executive officer told Yahoo Finance in an interview Tuesday.
With $1.6 trillion outstanding student debt in the United States, student lending is crippling many Americans. Today the average college graduate leaves school $30,000 in the debt, up from $10,000 in the 1990s.
