Tuesday, June 23, 2009

Student Debt

Marc Bousquet's recent blog entry provides a sound critique of recent articles that suggest the student debt crisis is not a crisis at all. Given that my own students rightfully complain of enormous loans--in their own names as well as in their parents'--plus accumulating credit card debt in the face of rising tuition and fees (here, for instance, it looks like the cost of attending will be increasing in just a single year from $38,000 to $55,000--how's that for inflation?!), this isn't some small nuisance that can simply be swept under the rug. I highly recommend Jeff Williams' article "Student Debt and the Spirit of Indenture" for additional details and proposed solutions.

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