Student loan debt is a growing burden that is delaying young people from reaching economic milestones, and in turn is slowing economic growth, reports DSnews.com. Now second only to mortgages in consumer financing, the “rising cost of tuition is causing higher student loan debt, which is in turn causing more borrowers to default,” Consumer Finance Protection Bureau Director Richard Cordray said in the article. Those who default may not be able to buy homes or even land a job, Cordray said. Five Star Institute President and CEO Ed Delgado said of the issue, “it is time to address the more than $1.2 trillion of federal student loan debt that is crippling the finances of future homebuyers…If Washington wants to make a real difference for the future of our children – we must reform student education financing.” For more, read the full article