According to a report cited in the Oct. 22 Monitor, graduates of New Hampshire colleges have the dubious distinction of owing more in student loans than graduates from any other state in the nation. Their average debt of $32,450 may or may not sound like much, but when you consider that about 6,000 students graduate annually from the four University System of New Hampshire institutions, and that 75 percent of them have student loan debt, we’re talking about $146 million. That’s real money.
There’s a lot of talk among so-called fiscal conservatives about not passing on government debt to our children, yet our legislators have no compunction about loading up our college graduates with a mountain of private debt before they even get their first jobs. New Hampshire is a state near the top in per capita personal income, yet we’re at the bottom in per capita support for our public university system. This isn’t good for our economy, and it is immoral.
JOHN V. KJELLMAN