Do the Math: Free Public Higher Education Should be Considered
By Susan Meisenhelder. The notion of free public higher education might elicit scoffs upon initial suggestion, but given the soaring student loan debts, the idea is one that begs further investigation. Student loan debt hit the $1 trillion mark last year, helping it retain its place as the fastest growing consumer debt, and what's more, about 11.5 percent of student loan balances are more than 90 days delinquent or in default, according to a recent report by the Federal Reserve Bank of New York. More...