NAICU - An age of demoralizing debt

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An age of demoralizing debt

Opinion Piece (Boston Globe)

December 24, 2011

We have gone from the days when students took on no debt, moved through a period of "manageable debt,'' and now stand poised at the edge of an era of destabilizing, demoralizing debt. UMass students now graduate, on average, with $24,000 in debt, up from $14,000 only four years ago. At private universities, where education costs are two and a half times what they are at public universities, the debt story is even more daunting. How do we fix this major national problem?

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