Student debt is killing entrepreneurship

This year, about 1.9 million Americans will get bachelor’s degrees and about 200,000 will get Masters of Business Administration, or MBA, degrees—a sharp increase in the number of college grads and MBA sheepskins since 2000, thanks to a greater availability of student loans.

But even as these loans have helped create the welcome boom in degrees, they’ve had an unintended consequence. Relatively few of those graduates are becoming entrepreneurs.

While millennials— the 73 million

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