Student Loans Dangerous to the Economy?

In Sharon Epperson's interview with Sarah Bloom Raskin, it becomes clear that not only are student loans dangerous to the economy, but also that the solution to the student-loan debt crises might have a significant impact on the financial future of multiple generations of Americans. The interview also makes it clear that Bloom Raskin's approach to loan debt does not appear to involve making education more affordable for students, but rather on educating people about interest rates and the ramifications of taking on certain levels of debt (Epperson, 2014). However, that solution ignores the fact that education cannot work as a stepping ladder to success if financial barriers continue to outline who has access to the best educational opportunities and all of the networking opportunities that come with those schools. The fact that there may be equivalent educational opportunities in lower-cost schools ignores the...
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