Editorial: Student loan debt costly for institutions



The Tribune

There is a great deal of compassion for those who seek to better themselves through a college education only to be confronted by the burdensome expenses that go with the experience.

Student loan debt was one of the central themes in the recent presidential election as candidates repeatedly raised the specter of college graduates starting their careers tens of thousands of dollars in debt.

Indeed, total amount of debt through student loans has reached the stratospheric levels of credit-card debt and mortgage loans.

The sympathy that has been extended to these students often carries with it a corollary attitude of blame for the holders of the debt. In many cases, the debt is held not by banks or loan companies but by the universities where the former students had received their education.

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