Analysis reveals that 34 percent of students with just $5,000 of outstanding debt—hardly “high”—default on their student loans. Student debt imperils far more than just individual borrowers’ monthly budgets. It erodes higher education’s ability to deliver on the promise that those who have similar abilities and work equally hard will achieve similar outcomes. Unfortunately, the prevailing policy response—Income-Based Repayment (IBR) plans—does not address the core of the problem.
http://www.theatlantic.com/business/archive/2015/03/how-student-debt-stunts-financial-growth/386300/