By Elahe Izadi, National Journal, July 22, 2013:
…An overriding question is whether the initially low-risk debt that students incur for college is worth what they’re getting in the end, said Tucker Warren, managing director of Hamilton Place Strategies.
“When you take a step back and say, ‘What purpose does higher education serve?’ it’s not just to get a degree,” Warren said. “We’re training kids to come out and be productive members of the economy, and they’re not doing that if they’re graduating with a debt burden that doesn’t allow them to do things like a normal consumer.”
Student-loan debt can make it difficult to do things like buy a car or a home, Warren added. A recent paper by his firm argued that by increasing access to student loans, the government has also contributed to enabling higher tuition rates.
Read the full article here.