Fed chief Bernanke says students must be cautious about college loans
Federal Reserve Chairman Ben Bernanke says students need to be careful when investing in their education by taking out college loans.
WASHINGTON — Federal Reserve Chairman Ben Bernanke says students need to be careful when investing in their education.
Bernanke said taking on debt to pay for college can be an important way to increase one’s earning potential. But higher education can become a financial burden if it doesn’t lead to a good job, he warned.
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“You’ve got to make smart investments,” Bernanke said at a meeting at the Fed with teachers from across the country.
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