What are we doing to our next generation? Saddling them with alarming amounts of debt before they have the chance to get started in life? Will this kill their confidence and diminish their desire to overcome?
This article from Bloomberg Businessweek: “The nation’s student-loan balance climbed by $31 billion last quarter to $1.16 trillion. That makes it the largest source of debt after mortgages…Student-loan delinquencies and repayment problems appear to be reducing borrowers’ ability to form their own households”