According to State Impact, Ed Moore, president of the Independent Colleges & Universities of Florida a member of the Higher Education Coordinating Council, said the student debt crisis isn’t as big of a deal as people think.
He and six other members of the council will be making recommendations to the Florida legislature in the next few weeks regarding college affordability. Today, Moore offered the council a presentation called “The Reality of Student Debt.”
According to Moore, the real problem is the default rates, and not the amount that students are borrowing. Although the cost of college is rising, it is not the only factor influencing student debt rates. Moreover, Moore thinks getting $26,000 in debt isn’t terrible because it is the only investment a student will ever make that directly impacts their own future.