Stiglitz On Higher Education

May 2013
Moderate Voice;5/13/2013, p16
Blog Entry
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.


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