Work hard. Stay in school. Go to college. Earn your degree.
Those are the steps we laid out for young people, regardless of where they started out, to climb the economic ladder and achieve the American Dream.
That's what we tell our kids, but have we been making false promises? Is their investment in higher education a down payment on a better life, or are they buying into a 21st-century Ponzi scheme?
A looming student loan crisis is derailing the dreams of Virginians.
Nationally, student loan debt now tops $1.3 trillion. That's a big number, larger than credit card and auto loan debt. Virginia's share is substantial. And that number is climbing.
The average Virginia college graduate leaves school more than $29,000 in debt. These eager young graduates should be entering the workforce brimming with energy and enthusiasm. Instead, they often feel two steps behind, burdened with significant debt and monthly payment obligations.