Next time you’re watching a college graduation, as you look out over
the sea of caps and gowns, make sure you notice the ball and chain most
graduates are wearing as they march onstage to receive their diplomas.
That’s student loan debt, which at over $1 trillion tops credit card
debt in the U.S. today. The average burden is $28,000, but add in their
credit cards and they’re graduating with an average of $35,000 in debt.
It’s no wonder that people who’ve paid off their student loan debt are
36 percent more likely to own homes than those who haven’t, according to
new research by the
One Wisconsin Now Institute and Progress Now.
What kind of society sends its young people from higher education into adulthood this way?
***Read article at RINF***
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