Massachusetts college students facing sharp increase in loan debt

Tim Goral's picture
Wednesday, October 23, 2013

Loan debt for students at state colleges and universities increased an average of 27 percent in three years, Massachusetts' higher education commissioner Richard M. Freeland told state legislators Monday.

Testifying before the Joint Committee on Higher Education, Freeland said sharply rising loan debt not only discourages students from pursuing college degrees, but also threatens statewide efforts to produce a better-educated workforce.

“Massachusetts cannot compete effectively in the global marketplace without a well-educated, well-trained citizenry and workforce,” Freeland said. “Increasing the number of students who graduate from our public colleges and universities is therefore essential to growth,” he added.

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