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Should Student Debt Be Reduced if Grads Move to Distressed Cities like Detroit?

Rodrigo Mejia

Saddled with debt, both cities like Detroit and exiting graduates could potentially lend each other a lifeline, writes Atlantic senior editor, Garance Franke-Ruta. She argues that students in debt are in sore need of capital to pay it off. Likewise, cities in a financial knot are in need of an educated, young entrepreneurial base to breathe new life into them. A remedy to both problems may lay in reducing the debt of students moving into distressed cities, where owning a home is more affordable.

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  • Danielle Knott

    People keep asking me why I'm interested in moving to Detroit after graduation.
    "It's bankrupt!"
    "There's no future for you there!"
    "You'll never find a job!"

    A few things that I've heard over the last few months.

    Currently, I live in Portland, OR and we are very very proud of our commitment to community, our innovative public policy and civic engagement, our local vendors and markets, etc. We are flooded with social change makers! Places like Detroit, however, are in desperate need of organizers. If young people who are committed to social change and being integrated into a community are also drowning in debt, why not offer incentive based, long term programs to help alleviate the problems of both parties? I think this is a fantastic idea, as long as those graduates realize that in order to create real change some serious time must be spent in the community.

    The idea has some serious
    potential.

  • Edward Barrios

    i'd definitely do it, if there was a student debt reduction policy!
    not only will this help me financially...
    it would allow me more freedom to do civic engagement in said city.
    a WIN // WIN situation.