OUR TIME DAILY TRANSLATION
We've heard you say it many times: "Politics is like a foreign language." Well, we agree.
Each week, we summarize, simplify, and interpret different major news stories and how they affect our generation. We'll give you our take, and you can decide for yourself.
THE STUDENT DEBT CRISIS
THE FACTS
The cost of education has risen quickly, meaning more debt that takes longer to pay-off. All this debt makes it harder to reach or stay in the middle-class.
WHY WE SHOULD CARE
If people are saddled with debt, it takes them longer to settle down, buy homes, and have families, which hurts all of us as it means they have to wait longer to put money back into our economy.
OUR TIME POSITION
Government, lenders, ranking systems, and institutions of higher education all have a role to play in resolving the crisis. Government can give more support to students that need it as well as reward schools that keep costs down for students; lenders can give graduates more time to find jobs before the interest starts building on their loans; college rating systems can give higher scores to schools that provide a good education at a good price; and colleges can diminish rising costs by scaling back on non-essential programs.
