ANNAPOLIS, Md. — During this past election cycle, presidential candidates Bernie Sanders and Hillary Clinton both highlighted increasing college debt as one of the most important issues in the country.
Since the 2008 economic recession, student loan debt is the only form of consumer debt that has continued to increase, surpassing auto and credit card loans, according to the Federal Reserve Bank of New York.
Fifty-eight percent of Maryland undergraduates from public and private nonprofit four-year institutions who graduated in 2014 had debt, and the average total was $27,457, according to the Project on Student Debt.
Many of the reasons loans have increased is because the price to attend college, even at state schools that subsidize costs for some students, has also increased, including in Maryland.
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When you have more college administrators then professors.
ReplyDeleteGovernment student loans are guaranteed by the government. Therefore,as usual, us taxpayers are stuck with the bill. Government loans are like credit card loans. You don't have to put up any collateral.
ReplyDeleteforgiving college loan debts is akin to giving people a free ride for at least 4 years,when,otherwise,they could be working asset to society forgiving their debt is just as bad as able bodied individuals receiving handouts from the gov't let's drain the swamp/////
ReplyDeleteQueen Echbach just spent another trillion on those recent buildings, just bought more prime property for...yeah..more expense buildings. The cost of tuition isnt going to slow ANY.
ReplyDelete