Montclair State "In the News:" Opinion: For nation's grads, a degree of debt (The Record)

Debts resulting from college are a high and rising burden that now totals more than $1 trillion, by one official estimate.

Seddik Meziani, chairman of the department of economics and finance at Montclair State, is troubled by statistics showing that 37 million Americans — 15 percent of the population — have outstanding student debt.

“With the average debt at graduation standing at a lofty $25,250 and grim job prospects in this economy,” Meziani said, “there are concerns that this younger generation will have an especially difficult time paying down their debt.”

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