The second most common source of debt for Americans today is student loans, and the number of those in debt is rising yearly. Most college students look to borrow money from the federal government to lessen the financial load of their tuition. The number of students using student loans has increased for a variety of reasons, but one of the primary ones is that tuition at the majority of colleges has gone up. Some of the factors contributing to the rise in college tuition are the expanding services offered by institutions, which require financing to support them. As mentioned in Causes, History, and Solutions to the Student Debt Crisis in 2017 the balance of student loans increased from $187 million to $1.4 trillion. It is important to talk about the causes of the student loan crisis. The primary reason is the enormous rise in higher education housing costs and tuition. Other factors include the low value of college degrees. People were almost always guaranteed a higher-paid job when they earned their bachelor’s degree, but it is now clear that this is not always the case, discouraging individuals from enrolling in college and accruing more debt. For a variety of reasons, the Black community is one of the main populations affected by student debt. One of the primary explanations is that Black families have significantly less generational wealth than white families, which leads to an increase in the number of Black people taking out student loans. Those who have a lot of debt find it difficult to obtain loans or even additional education that could help them pay off their student loans.