Student Loans And Related Usual Problems

Bernadette - May 30 2012, 10:07 PM

The number of college dropouts with student loan debt is rising.

"As the nation amasses more than $1 trillion in student loans, education experts say a vexing new problem has emerged: A growing number of young people have a mountain of debt but no degree to show for it. Nearly 30 percent of college students who took out loans dropped out of school, up from fewer than a quarter of students a decade ago, according to a recent analysis of government data by think tank Education Sector.

College dropouts are also among the most likely to default on their loans, falling behind at a rate four times that of graduates.

That is raising new questions about the wisdom of decades of public policy that focused on increasing access to higher learning but paid less attention to what happens once students arrive on campus.

And some education experts have begun to argue that starting college -- and going into debt to pay for it -- without a clear plan for a diploma is a recipe for disaster." Ylan Mui and Suzy Khimm in The Washington Post.

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