Rapidly Rising Student Debt Harms Low-Income Students - Student Loan Ranger (usnews.com)

Rapidly Rising Student Debt Harms Low-Income Students - Student Loan Ranger (usnews.com):

Rapidly Rising Student Debt Harms Low-Income Students

By EQUAL JUSTICE WORKS

January 4, 2012 RSS Feed Print

It's a truism that a college education is the key to better jobs and a brighter economic future for low-income individuals. So what is the effect of the explosion in student debt on low-income students? The Federal Reserve Bank of San Francisco's recent brief, "Student Debt and Default in the 12th District," is a fascinating look at student loan borrowing and default that focuses on students from low- and moderate-income (LMI) households. It provides some clarity, and it's not a pretty picture.

Keep in mind that this report is limited geographically (the 12th District includes nine Western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and