Student Debt Crushes Small Business Creation
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  • Anthony

    “For many young entrepreneurs, it is critical to invest capital to develop ideas, market products, and hire employee, the CFPB said in its report. Student debt burdens require these individuals to divert cash away from their businesses so they can make monthly student loan payments.”
    Bloomberg article references post college rather than initial business start-up; debt is definitely consequence of choices made relative to systemic options. Private lenders/Investment bankers availed capital for school choice and now choose not to compound risk.

  • Andrew Allison

    What forced students who took on debt which limited their future to do so? The answer, I fear, is “see money, take it”. It is fundamentally dishonest for somebody who took a loan in order to get an education to complain that the loan is preventing them from making a living. Should they perhaps have chosen a less costly path to hoped-for prosperity.

  • ljgude

    My grandson graduates High School this week and is working hard to develop his free lance computer skills to the point where they can help finance his education. Labor exchange style Internet services like oDesk make this approach viable for many youngsters who have the opportunity to graduate with four years experience in running their own business. Even grandfathers can get in on the action by buying them programming books from O’Reilly and the like. Alternately, they can put it all on the never never and play Call of Duty for four years.

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