Student Loans and U.S. Prosperity

Sticker shock was rampant among many freshmen in the class of 2017. The annual price of a private four-year university is now edging toward $60,000. As a result, federal student loans will play a key role in allowing millions of students to afford college. However, as CFR Contributing Editor Steven J. Markovich notes in his new Renewing America backgrounder Student Loans and U.S. Prosperity “many graduates are concerned about encountering a weak job market and the consequences that lingering debt may have on their financial futures.”