Unrealistic Optimism, Shifting Priorities And Intangible Debt

Abstract:

“The current student loan system is inherently challenging to student borrowers. With shifting priorities, students often find themselves distracted when they ought to be paying better attention to an accumulating debt. The intangibility of a student loan to many of them adds to the difficulty. Students also bring unrealistic expectations of their future earnings to the borrowing table. There are ways that loan providers and colleges can work together to tackle these challenges.”

The full article was originally published in The Greentree Gazette in September 2007.