Wednesday, September 03, 2003

Another year older and deeper in debt 

Student debt is going up, says, Financial Aid Office, with a survey of a flurry of year-opening articles. The report from Nellie Mae is worth reading. Within the full report we learn that most students are repaying their loans with payment less than 10% of their income (and repayment is usually less than five years). Given the higher returns on education, is this really a net increase in debt burdens?