Archive for September 5th, 2012

September 5, 2012

The Daily Scoop: Student Loan Debt Crushing the Economy

With the start of another school year, the air is once again filled with  angst over the high cost of college. But the discussion is shifting. It’s not  just about runaway tuition inflation anymore, or even the individual hardship  that excessive college loans create for graduates. Now we’re talking about how  student debt is everyone’s problem because it is crushing the economy.

Total student debt recently crossed the $1 trillion mark, more than Americans  collectively owe on credit cards. New findings conclude that this debt is  shutting young people out of the housing market, further depressing what is  already the economy’s most troubled sector.

read more »

Advertisements