In a new post at Hot Air, writer Kevin Glass points out the often overlooked effect the higher ed bubble has on low income students.

How the student loan debt bubble hurts the poor

We’re all aware of the student loan debt bubble and how it has quadrupled in the last ten years. Student loans are the second largest component of household debt now, behind only mortgages. Higher education has been posed as a solution for the problem of economic mobility for everyone in America, and as a result, more and more Americans are stretching themselves thin and taking on more debt in order to get a college education.

What goes unmentioned is how the societal norm that is pushing more people into college has the same effect on low-income Americans who are most affected by the debt burden. A new Brookings Institute study finds that student debt makes up a massive portion of household income:


 
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