The American Interest: College Debt Woes Point To Grim Future

THE AMERICAN INTEREST: College Debt Woes Point to Grim Future.

The problems detailed in this article are real and important, but there’s a big one that’s not mentioned: Sooner or later, interest rates will go up generally, and that’s likely to price some colleges out of the bond market completely.

This should remind us that America is locked into an educational model, that, like our health care system, rests on foundations that drive prices up faster than inflation year by year by year. Education is important to Americans, and we do what we can to keep up, but ultimately we need to figure out how to deliver the education we need at a price we can actually pay.

 

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