To Boost the Economy, Help Students First
|December 28, 2016||View for printing|
Student debt now stands at $1.3 trillion. More than half of student borrowers are unable to repay their loans according to the original terms. In a well-intended but poorly executed effort to make college broadly accessible, the government has lent freely to students, with little attention to whether they can repay those loans. The result is millions of young people with debt they cannot afford.
As a college president, I frequently hear from students who are anxious about their ability to repay their loans once they graduate. Many let student debt guide their career choices.
Sheila C. Bair
Full Story: http://www.nytimes.com/2016/12/21/op ... bottom-well
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