No need for irrational fears of student loans
Reuters - 12/02/2014
The next generation of college students has heard the message loud and clear about the perils of taking on too much student loan debt – so much so that many are unwilling to go into debt at all in order to attend college.
The drawback to this wariness is that for those who do not borrow, they are unlikely to get four-year degrees.
The vast majority of people aged 16-19 recognize the importance of a college degree, but most say they either want to avoid education debt entirely or to limit their borrowing to nominal amounts, according to a recent survey by Northeastern University of 1,000 teenagers nationwide.