Recovered from FSRN’s earlier site via the Internet Archive Wayback Machine. Originally published April 9, 2012.
Higher education in the US has long been viewed as an investment that will pay for itself in the form of a better job and salary for the graduate. But student debt is rising and now exceeds both credit card and auto loans. College graduates are also having a harder time paying off loans. A recent report from the Federal Reserve Bank of New York found that more than half of student loan borrowers owed the same amount or more than in the previous quarter. While economists warn that the student debt crisis threatens the broader economy, some activists are mobilizing to address the issue. FSRN’s Caroline Lewis reports from New York.
