Saturday, March 31, 2012

Student Loan Debt Keeps Growing

Student loan debt has been on steep upward path since 1999. Tuition and fees are rising faster than income and many young people decided to go back to school to improve their skills. This will have an impact on economic growth. High debt levels will slow down household formation, and every dollar spent on debt repayment is a dollar not spent on something else that would be counted in GDP.

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