As U.S. President Joe Biden extended freeze on student loan repayment again, the spotlight is back on the nation's student debt crisis. Americans collectively hold over $1.7 trillion in student debt, and borrowings of parents under the government's PLUS loan program has shot up 756% in three decades. In this episode of BizBeat, CGTN's Lily Lyu explains how the boon of increased credit access can turn into a bane for debt-strapped American parents.