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Escaping the Student Debt Trap
Student debt in the U.S. now tops $1.2 trillion with 37 million borrows, 5.4 million of whom have already defaulted. President Obama has proposed to expand a program which allows students to repay...
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Solving the Student Debt Problem?
Today’s New York Times has an excellent article by Kevin Carey on the current status of federal student loans, “A Quiet Revolution is Helping Lift the Burden of Student Debt.” Our current system,...
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Solving the Student Debt Problem
I have devoted several posts recently, here, here, and here, to discussing the rapidly increasing costs of higher education (see chart below) and the corresponding rapid rise of student debt. Here...
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How to Solve the Student Debt Problem: Grow the Economy Faster!
Based on a post I wrote last fall, “Solving the Student Debt Problem,” and a recent Op Ed by the economics journalist, Robert Samuelson, “Good News on the College Debt Front,” here is where I think...
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College Costs and Student Debt
Student debt is a huge problem, see here and here, both for the college students and former students who have accumulated it as well as for the U.S. Government which has to carry the debt. I see this...
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Why Slow Economic Growth Is So Dangerous
In my last post I said that Donald Trump won the first presidential debate, in spite of his uneven temperament, because he was more correct on the issues. One of the biggest problems our country...
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Beating the High Cost of Higher Education and Student Debt
This blog addresses America’s too biggest problems: Slow economic growth averaging just 2% since the end of the Great Recession in June 2009. Faster growth means more jobs and better paying jobs....
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