“At its heart, the student loan debt crisis is really these two separate crises: The trillion-plus dollars in outstanding loans that young Americans currently hold, and the endlessly rising cost of college. While they’re two sides of the same tarnished coin, solutions for one won’t necessarily help the other. For instance, we absolutely must finance public education options at the state and local level to limit out-of-control tuition costs, but doing so won’t help current debt holders (like yours truly). And while we can expand IBR considerably, that will do little for Americans who’ve yet to attend college (and have no guarantee that the program will still be available — or solvent — when they themselves graduate).”

Read the rest at Salon. “Millennials are just this screwed: Banks and colleges win, debt-ridden graduates left to suffer