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Student Loan Rate Crisis Echoes Subprime Mortgage Mess, Masks Deeper Problems for Youth | Commentary

It is also becoming clear that a four-year college degree is not the only path to a fruitful career. The growing options available to high-school graduates must be laid out before them so that they can make informed decisions about investing in secondary education.

So as Washington continues to procrastinate, responsibility falls on the shoulders of the American people to ensure that their sons and daughters do not continue to face an unemployment (and underemployment) rate of 16.3 percent, which is more than double the national average of other age demographics. The student loan interest rate debate is a major wake-up call, and together we must answer it with practical solutions that produce young graduates equipped to productively enter the workforce free of crippling loan debt.

David H.S. Pattinson is the founder of David Pattinson’s American Future, a nonprofit organization dedicated to promoting quality career planning and career development for young people in the United States and Great Britain.

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