An article written by Gettysburg College President Janet Morgan Riggs appeared in the Oct. 15 edition of MarketWatch.
The public discussion about college student debt feels anything but informative. For example, a recent headline noted that “Nearly 1 in 5 households carry student loan debt,” implying that 1 in 5 is too many. I would have written the headline to read, “Only 1 in 5 households carry student loan debt.”
Have we devalued one of America’s most lucrative investments so much that we believe a $30,000 car loan is wiser debt than tuition? Have we forgotten about the significant impact that a college degree has on quality of life and earning power over a lifetime?
There is no question that many students today graduate from college with debt. It’s an important issue for us to think about as a society, and we don’t want our young people to be overburdened with it.