4 myths about the student loan debt crisis

4 myths about the student loan debt crisis

1) Most college graduates are not being crushed by a mountain of debt

Forty percent of public-college students owe nothing when they graduate, and the vast majority of people with six-figure borrowing for higher education have gone to graduate or professional school — often financing medical, dental, or other degrees that are likely to lead to very good incomes. Among the 60 percent of public-college bachelor’s recipients in 2013-14 who did borrow, the average amount was $25,500.

[…]

2) Free tuition is no solution to the most serious problems we face

With apologies to Bernie Sanders and Hillary Clinton: Tuition-free college is way less help than some people need and way more than others require. Free tuition won’t let a single mom quit her job and go to college full time (the path that would afford her the best odds of finishing), nor will it permit the young Native American from an impoverished family to go away to State U instead of staying home to earn money to help out at home.

[…]

3) College students are not ending up working as baristas

Continue reading →


Commenting Policy

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

You may use HTML in your comments. Feel free to review the full list of allowed HTML here.