More than 696,000 undergraduates attending a four-year school, or 74 percent of all undergraduates, took out a federal loan in the 2011-12 school year. That’s up from 397,497, or 51 percent of all undergraduates, in 2003-04, according to “Borrowing for College,” the latest report from the Campaign for College Opportunity on the state of higher education in California… People who are saddled with student loan debt are less likely to buy a home, start a small business or pay into a retirement account, the report notes, citing national survey results conducted by other groups.

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by Nanette Asimov, The San Francisco Chronicle.

Posted: March 25th, 2014, by: admin. Categories: . Awaiting Comments.