Friday, February 5, 2016

Colleges Must Address Debt Challenges - Phoebe A. Haddon, Diverse Education

A college degree is an investment in the knowledge and skills that give students a competitive edge that defines their careers and enriches their lives. For generations, this has been hard-wired into our conceptions about the “American Dream.” However, the price of higher education forces most college graduates to carry a heavy burden long after they earn their degrees. With more than $1.2 trillion in outstanding student loan debt—$38 billion in New Jersey alone, according to the U.S. Department of Education—making college affordable is imperative. As the economic and social costs of student loan debt continue to rise, it is essential for universities to do more to address these debt challenges.

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