Crushing Student Debt

Many, many people would say that the rising cost of medical care is a problem for the United States.  Student debt is rising at a rate three times as fast.  Right now, there’s over $800,000,000,000 in student debt in the United States.  Personally, I think that’s a problem, especially if it’s being invested in an educational field that may not pay off.  Article from MSNBC/CNBS on rising student debt.  Analysis from Above the Law on said article.  Both good reads.

Personally, I don’t want to automatically blame the system.  I think there’s a lot of silly educational decisions being made.  They’re not being looked as investments.  Which, given all the long range implications of borrowing a lot of money to invest in an education in the hope of paying back all the money borrowed, might be a bit much to ask of high school seniors.  Would a high school senior be expected to competently sign a mortgage agreement with a bank?

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