Thursday, January 8, 2015

How to chip away at the student debt crisis - Jane McNamara, Detroit Free Press

As college tuition continues to skyrocket, the debate over whether earning a college degree makes financial sense seems to be raging louder than ever. And, as our economy continues to evolve into an information- and technology-based system, the earnings gap between high school and college graduates will likely continue to grow. Meanwhile, some financial analysts suggest that the student-debt bubble will rival the real estate bubble that famously popped in 2007 and 2008. Student-loan debt exceeds $1.2 trillion, more than all other forms of consumer loans except mortgages. It's an issue that needs the attention of government and universities alike. But there is an immediate option for students, recent graduates and parents.

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