High college debt levels mean millions of young people face decades of student loan payments, which in turn can delay home-buying, saving for retirement, and saving to put their own children through college.
"Overall, the level of debt for college graduates is much too high," said Robert Shireman, executive director of the Project on Student Debt. "It's time for policy-makers to adopt practical, cost-effective reforms that make student loans more affordable for families; and states and schools should rethink their approach to financial aid. Otherwise, college will move farther out of reach for generations to come."
-source: Philanthropy News Digest