Fed’s Dudley Says High College Costs Lower Economic Mobility - News Summed Up

Fed’s Dudley Says High College Costs Lower Economic Mobility


College has become out of reach for large numbers of students, making it harder for them to earn more than their parents and limiting economic mobility, Federal Reserve Bank of New York President William Dudley said Thursday. College costs have risen faster than wages for decades, driving more students to take out loans. Student debt has tripled, to over $1.4 trillion, over the past 20 years, Mr. Dudley told a conference on higher education financing at the New York Fed.


Source: Wall Street Journal December 07, 2017 15:00 UTC


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