Too Much Debt, or Not Enough?

November 17, 2005 | | Inside Higher Ed |
Tamara Draut, director of the economic opportunity program at Demos, a nonprofit research group, and author of the forthcoming Strapped: Why America's 20- and 30-Somethings Can't Get Ahead (Doubleday), offered a litany of reasons why young Americans -- "the first young adult generation" in U.S. history that has been "asked to shoulder the cost of their higher education through loans" -- can ill afford to continue to accumulate the rates of debt they are now facing.
Is the current debt burden too much? "Absolutely yes," Draut answered, adding that loan debt is "negatively affecting young people's lives."