Robert Shireman
Robert Shireman
debt generation half leave left less norm past sea seen shift students system
We've seen a sea change, a real shift over the past generation from a system where less than half of students left with debt and now two-thirds leave with debt. Now, it's become the norm to leave with debt -- and often with a lot of debt.
amnesty graduates higher impact interest levels low rates seen served sort
Low interest rates have served as a sort of amnesty for graduates with debt. We haven't seen what the real impact is of much higher levels of borrowing.
attended college debt difficult low situation students worse
When low-income students are saddled with debt and have a low probability of completion, they end up worse off than if they hadn't attended college at all. You end up in a very difficult situation to get out of -- ever.