On Tuesday, the Brookings Institution, with a David Leonhardt column at the New York Times serving as its de facto press release, published a study (full PDF here) entitled, "Is a Student Loan Crisis on the Horizon?" Unsurprisingly, their finding, in one word, was "No." Their more qualifed finding: "[I]n reality, the impact of student loans may not be as dire as many commentators fear." Their underlying "logic": "typical borrowers are no worse off now than they were a generation ago."
It's bad enough that much of the data presented by Beth Akers and Matthew M. Chingos, the study's authors, directly contradicts the sunshine they're trying blow up our keisters. What's even worse is that you don't even need to dig into the detail once you learn which year's data they used — 2010. For heaven's sake, guys, total student loan debt has grown by between 50 percent and 60 percent since then.