News & Press: Newswire

Growing Student Debt Could Hold Back Growth

Friday, March 2, 2018   (0 Comments)
Posted by: Amy Tieperman
Share |

Growing Student Debt Could Hold Back Growth

Jerome Powell, Fed Chairman, has acknowledged that while it is important for Americans to borrow to invest in their future, he fears that over time the student loan debt could pose a macroeconomic risk to growth in the United States.  Research has shown that borrowing without first making informed decisions has a longer term negative effect on people who cannot pay off their student loans and reminds us that student loan debt cannot be discharged in bankruptcy.  


    Commercial Law League of America

    3005 Tollview Drive
    Rolling Meadows, IL 60008

    Phone: (312) 240-1400
    Fax: (847) 584-3939