Student debt poses risk to national economic growth

Los Angeles Times 12 September 2015

Students around the country – and often their parents – have racked up so much college debt since the recession that it now threatens the nation's economic growth, writes Jim Puzzanghera for the Los Angeles Times.

The debt weighs down millions of Americans who might otherwise buy homes or start businesses. And the financial horror stories of debt-saddled students, combined with continued increases in tuition, could deter others from attending college and could produce a less-educated workforce.

"The impact on future [economic] growth could be quite significant," said Cristian deRitis, who analyses consumer credit economics for Moody's Analytics. The amount of outstanding student loans has skyrocketed 76% to almost US$1.2 trillion since 2009, as college costs have shot up and graduates have had difficulty finding high-paying jobs.
Full report on the Los Angeles Times site

Receive email updates from UWN

Global newsletters    Africa newsletters    Other
    (other includes related events and webinars)

Data will be processed according to our standard terms & conditions.

Research focuses on production of jet fuel from halophytes

UAE University staff

With an eye to developing a clean, alternative aviation fuel to reduce carbon emissions, researchers at the United Arab Emirates University have been focusing on the production of jet fuel from sustainable resources such as halophytes, which are salt-tolerant plants that could be cultivated on a wider scale in the region’s coastal areas.

The value of being human: How teachers can work alongside AI

Michael Milligan

Artificial intelligence is now a part of our evolution in technology and teachers need to be encouraged to find ways to bring AI into the classroom and have students use it in a way that is beneficial to them in the long term.

Ground-breaking research on seawater biodesalination

UAE University staff

As water scarcity reaches critical levels globally, a research team at the United Arab Emirates University seeks to revolutionise seawater desalination practices, offering a path to mitigate water scarcity while championing environmental preservation.