Rapidly Rising Student Debt Harms Low-Income Students

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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. Read more at U.S. News Education Student Loan Ranger.