TITLE

Stiglitz On Higher Education

AUTHOR(S)
GRAY, OWEN
PUB. DATE
May 2013
SOURCE
Moderate Voice;5/13/2013, p16
SOURCE TYPE
Blog Entry
DOC. TYPE
Article
ABSTRACT
The article focuses on the crisis in the U.S. student loans with the rise of delinquency and default rates. According to the Federal Reserve Bank of New York, about 17% of student-loan borrowers were 90 days or more delayed in payments at the end of 2012. Among the culprits are the increasing tuition costs at public universities and decrease in median income. One of its ramifications is those with huge loans are reluctant to buy homes.
ACCESSION #
87637392

 

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