By The Herald Editorial Board
Betsy DeVos, secretary for the U.S. Department of Education, issued a dire warning Tuesday that student debt represented a looming crisis in higher education, as she spoke before a Federal Student Aid training conference in Atlanta.
Without a doubt, student loan debt has reached a record level: $1.52 trillion among 44 million borrowers. The debt owed on student loans is second only to mortgages and tops total U.S. credit card debt by about $620 billion.
In issuing her warning, DeVos pointed to that debt and noted that only 24 percent of student loan borrowers are paying either principal or interest on their loans. (DeVos didnt specify whether she was including current students in that figure, those who…
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