Student debt is bad, student debt bailouts are worse

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Bailing out existing student debt only makes a bad system worse. Only real reform of our higher education system will improve the lives of young people.

According to a Gallup survey of over 14,000 adults, over 70% of people say student debt has “delayed major life events” including moving out of their parents’ home, getting married, and having a child.

The largest variance was between men and women, and it was women who reported less interference from student debt, with just 64% of women reporting debt-related delays compared to 76% of men. This is an interesting finding since women heavily outnumber men both on college campuses and in college degrees awarded. It could be a residual effect from the fact that

 

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