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Students are borrowing dramatically more to pay for college, accelerating a trend that has wide-ranging implications for a generation of young people.
Federal student-loan disbursement -- the total amount borrowed by students and received by schools -- in the 2008-09 academic year grew about 25 percent over the previous year, to $75.1 billion. The ripple effects for today's heavily indebted young people are becoming palpable, says the Wall Street Journal.
A growing body of research suggests that tough loan payments are affecting major life decisions by recent graduates, forcing them to put off traditional milestones -- from buying a first home to even marriage and having children.
But colleges can be big employers in congressional districts, making it challenging for politicians who represent them to also take them on, says the Journal.
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