Editorial Board
How U.S. Students Can Work Off Their Trillion-Dollar Debt
This article is for subscribers only.
If your child is one of the 1.5 million high school students eagerly awaiting acceptance letters from colleges this month, he or she is probably entertaining dreams of high scholarship, intellectual ferment, new friends, raging keggers.
You probably have a few other things on your mind. For starters, you may be thinking that the average annual cost of a four-year institution now exceeds $20,000. Or that outstanding student-loan debt surpasses $1 trillion. Or that defaults are rising, economic growth is sluggish, and unemployment for those ages 20 to 24 is about 13 percent.