The Student Debt Crisis: An Entitlement Debacle
Jul 6th, 2019 | By Dr. Jim Eckman
The American higher education system has become totally dependent on its students amassing huge debt to finance a college degree. It is now a system in crisis. The basic statistics explain the nature of the crisis. Josh Mitchell of the Wall Street Journal explains that borrowers owe more than $1.5 trillion in student loans, an average of $34,000 per person. Over two million of them have defaulted on their loans in the past six years, and that number grows by 1,400 each day.

