But less than a month after the July contributions, a two - page memo went from Cuomo's Division of the Budget to the state's Dormitory Authority, which issues
debt on behalf of schools and hospitals that have less experience (and scale) in the municipal bond market.
It's not just millennials who are racking up the
debt; baby boomers, either because they're taking out loans on behalf of their children or they're going back to school themselves, hold a significant portion of it, said Meta Brown, a senior economist at the Federal Reserve Bank of New York who joined Castro and Chopra at a session titled «The Impact of Student Debt on Housing Choices: Regulatory Issues Forum» on Tues
debt; baby boomers, either because they're taking out loans
on behalf of their children or they're going back to
school themselves, hold a significant portion
of it, said Meta Brown, a senior economist at the Federal Reserve Bank
of New York who joined Castro and Chopra at a session titled «The Impact
of Student
Debt on Housing Choices: Regulatory Issues Forum» on Tues
Debt on Housing Choices: Regulatory Issues Forum»
on Tuesday.
Some 70 percent
of students graduate from college today with
debt, and it's not just young households burdened by it; in many cases, middle - aged consumers are shouldering the
debt, either because they've borrowed
on behalf of their kids or they went back to
school themselves and are paying off their own loans.