jump to navigation

Your student loan isn’t really a loan – Salon.com December 25, 2013

Posted by sandyclaus in Politics.
trackback

So, through a series of bad laws, student debt has become an inescapable trap, a terrible burden on those whose higher education dreams don’t pan out, and a significant burden even on successful graduates. Loan debt now averages $26,000 per student, up 40 percent in seven years, with significant chunks owing $50,000 or $100,000. Princeton professor Jesse Rothstein argued in a recent working paper that graduates burdened by debt will choose higher-paying jobs to pay off the loans, draining the talent pool for lower-paid, but critical, “public interest” job sectors like education, government or nonprofits.

via Your student loan isn’t really a loan – Salon.com.

Advertisements

Comments»

No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: