The following is an excerpt from The James Madison Institute’s publication, The Journal.
Download the full article here.
To read the rest of the Winter 2016 edition of The James Madison Institute’s Journal, visit here.
Can today’s college students realistically expect to graduate debt-free? For far too many, sadly, the answer is “no.” Most face a double whammy of expense: tuition, which has been growing faster than the rate of inflation, and the cost of living away from home. For many students, graduating without having to cope with a heavy burden of debt just as they’re trying to get started in a career is but a distant dream. Indeed, student loan debt now tops $1 trillion, which is more than the total credit card debt in this credit-happy nation.
Yet for some bright young collegians in Florida, graduating virtually debt-free is not a mere pipe dream; it’s a reality thanks to the Southern Scholarship Foundation (SSF), a group that is unique to Florida and this year marked the 60th anniversary of its formal organization as a not-for-profit 501(c)(3) corporation back in 1955.
Download the full article here.
To read the rest of the Winter 2016 edition of The James Madison Institute’s Journal, visit here.
