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Mitch Daniels op-ed: A fix for student loan debt

Mitch Daniels op-ed: A fix for student loan debt

Anyone who is unaware that we face a massive problem involving college student debt, contact Earth at your first convenience. The troubling facts are almost universally known: After tripling in 10 years, this debt totals more than $1.3 trillion, which is more than the debt for credit cards, auto loans and any other category except home mortgages. Default rates parallel those for the subprime housing loans of the financial crisis, and the debt numbers show no signs of decelerating, growing again this year by an estimated 8 percent. The damage to young people's individual futures is compounded, we now know, by harm to the broader economy and society. Home ownership, marriage,...

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