November 21, 2009
UTNE READER

'Till Debt Do Us Part

(Page 2 of 2)

June 1, 2006
Nick Rose Utne.com 
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Laden with debt, college graduates appear to be facing two options: either chase a romantic vision -- credit score be damned -- or pursue tangible benefits in a dwindling, contingency-based labor system. And the fallout from this choice means the freewheeling, itinerant grad may be becoming a thing of the past. The legal and financial picture surrounding higher education is such that education without debt is increasingly rare, and with last year's stringent adjustments to bankruptcy laws, Gaus notes, it is now 'nearly impossible to discharge educational loans.' The new cost of higher education, it seems, is not a corrupted mind but rather what Gaus calls a 'chasm of liabilities.'

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