Families are borrowing more heavily to fund the rising cost of higher education, but an increase in default rates is forcing private lenders to abandon the market.
Has the U.S. created an “education bubble” fueled by easy money and over-borrowing by families desperate to pay rising tuition costs?
Expect a hastily sputtered “no way” from economists, university officials and student-lending specialists. They attach a high monetary value to academic degrees, no matter how fast tuition rises. As proof, they cite the big and growing income gap between college graduates and people with just high-school diplomas. Read more…
Tags: Uncategorized|
Posted By: ashley | May 21st
