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...and why $1.5T is only the start of the student loan problem. The average student loan borrower is more than $30,000 in debt.
Maybe this represents your situation, maybe it doesn’t. Regardless, the repercussions of student debt touch every person because the impact of these loans can mean more than $4,000 owed per taxpaying American and significant headwinds to annual growth.
An extra $350 in student loan payments — the approximate payment for an average borrower — is less money injected into a local economy through eating out or shopping locally; it’s less trips that support tourism-driven regions; it’s less money saved for retirement.
Read Jordan Bean’s entire article here.
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Will Barden, Partner, has been named among "The Consulting Report's" Top 25 Strategy Leaders of 2025. Click here to read more about the award.
In partnership with Raymond James and Farragut Square Group, Grant Thornton Stax recently hosted a breakfast event to share our investment analysis of the Pharma Technology market.
Miriam El-Baz and Connor Novy were recognized at the Consulting Magazine Women Leaders awards to highlight the outstanding contributions made by women in consulting. Read more.
Financier Worldwide discusses strategy & execution for accelerating value in carve-outs with Phil Dunne and Peter Rodrigues-Renon at Stax, including Gerard Nichol at Grant Thornton. Read more.
Investment focus in automotive technology continues to broaden beyond OEMs to the core service ecosystem. Read what Sameer Tejani and Max Massaro see in the market.
Grant Thornton Stax supported SteelEye, a leading trade and communications surveillance and data analytics platform, on its recent merger with FundApps. Read about the deal here.