Durbin Praises ECC for Combatting Student Debt
U.S. Sen. Dick Durbin touts his “Know Before You Owe” bill, which would require all colleges and universities to provide the type of financial aid counseling Elgin Community College has to curb student debt in District 509, which includes St. Charles.
Elgin Community College’s efforts to limit the debt load of its students won praise Friday from U.S. Sen. Dick Durbin. The college district, which includes St. Charles, already has a six-year head start on a bill he has introduced aimed at curbing the devastating impact student loans can have. Durbin has decried the nation’s mounting debt for student loans, which has grown to $1 trillion and has seen the greatest acceleration among those attending for-profit schools, many of which provide their graduates with degrees that are virtually worthless. While not minimizing personal accountability, Durbin said young, inexperienced adults are being exploited, pressed into making student loan decisions that will affect them for much of the rest of …
In this Article:
Patrick Shane
10:34 am on Wednesday, January 16, 2013
Student debt is stunting the growth of the economy. Student loans have increased by 275% over past decade. As the next generation graduates from college, they are plagued by insurmountable debt that places demands on their income, limiting their ability to spend their earnings in ways that stimulate the economy. http://www.youtube.com/watch?v=mRA9ndc1pCM more ›