Academic

WHEN STUDENT LOANS BECOME golden handcuffs. ?In the end, the new student loan program will hit the ?

By Glenn Reynolds

WHEN STUDENT LOANS BECOME golden handcuffs. “In the end, the new student loan program will hit the economy hard. Young people who chose to go into the public sector will find themselves ‘job locked,’ with few opportunities to leave the public sector without suffering a large financial loss. This will increase labor market rigidity and drive talent away from the private sector, resulting in a slower economic growth. Meanwhile, taxpayers will continue to be hit with ever increasing tabs for government payrolls, employee benefits and student loans.”

Full post as published by Instapundit.com on October 16, 2010 (boomark / email).