Costs of Tuition

Student Loans Are a Drag

With the class of 2014 having just graduated or about to graduate, and the class of 2018 making final college-enrollment decisions, many students are pondering the subject of student debt.

And well they should. A February story in TIME reported that the average amount of student debt for the class of 2012 was $29,400. Over the past ten years, student debt nationwide has grown from an already staggering $253 billion to a suffocating $1.08 trillion—a 300 percent increase.

The problem, of course, is that debt keeps America's young graduates from pursuing life as they otherwise might—choosing careers for money over passion, delaying major purchases such as a home, even moving...

 

is the managing editor of the Howard Center's quarterly journal, The Family in America: A Journal of Public Policy.

This article originally appeared in Salvo, Issue #29, Summer 2014 Copyright © 2020 Salvo | www.salvomag.com https://salvomag.com/article/salvo29/costs-of-tuition

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