Student Loans: To Solve the Problem, Understand the History
Billionaire Robert F. Smith recently pledged to pay off all of Morehouse College class of 2019's student loans. To do so, he announced his family is establishing a near $40 million endowment fund for the college. While this is a magnificent and inspiring gesture, it's daunting to realize that 396 graduates could rack up that much student debt. It makes you wonder: How did we find ourselves in this position?
Broader access to higher education through student loans comes with many stressful side effects. It has now become a question of whether student loans are a cure or a disease in today's world of higher education. The debt crisis has emerged as
