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DeVos Says Student Loans Have Created a Crisis. Hold On, Researchers Say.

At a training conference on Tuesday focused on the weeds of financial-aid policy, the U.S. education secretary, Betsy DeVos, spoke in broad and bombastic terms about what she called the “crisis in higher education.” What’s that emergency?

The nation’s $1.5 trillion in federal student-loan debt held by roughly 45 million borrowers.