Here are the facts. Four-year college graduates’ pay advantage over high school grads has doubled over the past 30 years. However, in 2010, student debt exceeded credit-card debt for the first time and in 2011, it surpassed auto loans. In March 2012, the Consumer Financial Protection Bureau announced that student debt had passed $1 trillion and there are predictions that student debt will be the next crisis bubble to burst.
1. Do you agree or disagree that student loan debt is “good debt”? Why or why not?
2. Do you agree or disagree with the statement “Education benefits society by creating a workforce that creates wealth, pays taxes, and stays off welfare”?
3. What was the most interesting fact presented in the article? How was it applicable to you?
Coy, P. (2012) Student Loans: Debt for Life. BusinessWeek, Sep. 6 (Retrievable online at http://www.businessweek.com/articles/2012-09-06/student-loans-debt-for-life#p1)