Robert Hiltonsmith of Demos asks a provocative question. In short, what is the long-term financial cost for a student that incurs debt in the pursuit of higher education? Mr. Hiltonsmith notes that student debt has skyrocketed over the past decade, quadrupling from just $240 billion in 2003 to more than $1 trillion today. Moreover, if current borrowing patterns continue, student debt levels will reach $2 trillion in 2025.
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