Cornell will no longer provide loan-free aid packages to all students whose parents make under $75,000 a year.

There’s a debt debacle in this country, and it’s not the one politicians are screaming about.

The average debt for a college graduate increased 6 percent in 2009 to $24,000 according to the Project on Student Debt.  This, in addition to the 8.7 percent unemployment among people 18-25, compounds the effects of the recession on college students.  In comparison, the unemployment rate for the same group in 2008 was 5.8 percent.