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EconoMeter: Student college loan relief a good thing?

Roger Showley, U-T SAN DIEGO

Friday, June 13, 2014

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Kelly Cunningham, National University System
Answer: YES

Earning a college degree provides significant advantages in attaining lifetime earnings, but many students graduate with high levels of debt. Recent research on San Diego’s post-recession recovery by National University System's Institute for Policy Research finds debt loads are, in part, responsible for too many college students living with parents and not forming new households. The vexing challenge is constructing loan-subsidy programs to help increase affordability and completion rates without exacerbating higher education price inflation. A major problem for California remains a mismatch between jobs requiring college degrees and the number of graduates produced. Shortages of these graduates are projected to number more than 1 million by 2025.