Dear Editor,
One topic that comes up frequently in connection with higher education is the crushing burden of student loans. It is massive and growing all the time. The bigger question might be, is that smart public policy? I would contend that it is not.
One of the economic effects is that students are taken out of the consumer pool for many years or decades by crushing debt that prevents them from buying a house or other goods which reduces demand and economic growth. When it happens to millions of people you can bet that hurts the economy.