Two quotes on student loans

An article entitled “More evidence the sky is not falling due to student loan debt” reviews recent research on the question of whether student loans are depressing home ownership. They don’t!

The article includes two quotes that summarize well the reality that a college degree––even with student loans––are a terrific investment. In the article, for the American Enterprise Institute, Andrew Kelly quotes University of Michigan economy Susan Dynarski who wrote:

“What divides the haves and the have-nots is not student debt, it’s having a college education.”  

He also quotes New America’s Jason Delisle as saying:

“When somebody says student debt is killing the economy, replace ‘student debt’ with ‘higher education’ and see if the sentence still makes sense.”

End of story!

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Lou Glazer

Lou Glazer is President and co-founder of Michigan Future, Inc., a non-partisan, non-profit organization. Michigan Future’s mission is to be a source of new ideas on how Michigan can succeed as a world class community in a knowledge-driven economy. Its work is funded by Michigan foundations.

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