An “On the Issues” Post from the Campaign for the Future of Higher Education [http://futureofhighered.org]
The enormous ramifications—personal, national, social, and economic—of the college loan crisis are just now being widely and fully discussed. The consequences are serious for us all, whether or not we are paying back college loans for ourselves or our children.
Some have pointed, for instance, to the long-term effects on the national economy if vast numbers of future workers are paying off debt rather than purchasing goods and services. Others have discussed the effect that burdensome levels of debt may have on a future generation’s attitude toward taxation and support for public services.
In her most recent book, Degrees of Inequality, Suzanne Mettler discusses yet another very serious way in which the soaring level of college loan debt is much more than just a financial burden for individual students. It represents a…
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