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Indentured Servitude

March 26, 2006

Saddling graduates with college loan debt seems wrong.

  1. March 26, 2006 2:31 PM

    A new-ish book by Tamara Draut called Strapped: Why America’s 20- and 30-Somethings Can’t Get Ahead is causing some buzz along these lines. I can’t recommend buying the (poorly written, non-rigorously argued) book, but it does indicate that there’s some public awareness of the level of debt/social liability that the younger generation is taking on at present.

  2. March 27, 2006 3:47 PM

    I’ve heard of that book, but have been avoiding it on suspicion of what you mention. It’ll be interesting to see whether the public awareness leads to meaningful reform, or just to a perception that youngsters are lazy whiners who want something for nothing.

    If my kids choose to go to college, my goal is to keep this burden from falling on them. Or at least to minimize it so it isn’t so crushing.

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