A college degree was once an investment in the future, a path to a good job, a home, car, vacation and money set aside to retire some day. But that college education has for many, become a ball and chain limiting future growth. Unless we begin to address this debt issue we will continue to see a growing chasm in American society – those who have access and wealth – and those who have mortgaged their future with little way to dig themselves out of debt.
Since the Great Recession began, states have dramatically cut their allocations for higher education. Nationwide, higher education budgets have been slashed 27 percent since 2008 or more than $2,300 per student. We are just now beginning to see the effects on our economy – and the great risk to our future.
Continue reading “Student Debt Threatens the Future for Everyone”