Beijing Review

Student Debts: The Death of the American Dream?

The two major powers on both sides of the Pacific Ocean, the United States and China, have one thing in common: Their people are willing to believe personal effort, not family background, determines one’s destiny. Most Americans and Chinese consider a college education as the ticket to achieving upward mobility.

For a long time, the Chinese admired, even yearned for, the U.S. higher education system. The

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