Indiana University used this one weird trick to cut student debt

Students are graduating with more debt than ever before: about $33,000 for the average four-year college graduate with loans in the class of 2014. Indiana University, though, found a simple way to get students to borrow less: telling them how much they already owe when they’re taking out loans for the next academic year.

by Libby Nelson

Full Story: http://www.vox.com/2015/7/26/9041283/indiana-university-debt-letters