In a Yahoo Finance article posted today entitled, "5 Genius Ways Colleges are Tackling the Student Debt Crisis," Mandi Woodruff discusses techniques that several colleges are using to help students understand that student loan debt is real, and will have to be paid off someday. The hope is that this will ultimately lessen the student debt burden by encouraging students to take out as little debt as possible.
Did you understand anything about loans payments, amortization, etc. (time value of money) before taking your first corporate finance class? Is it the responsibility of the college or university to teach students about student loan debt? What do you think colleges and universities should do to encourage students to borrow as little as possible?
How do you think student loan debt will affect this generation? How will it affect the American economy?
