# Prof. Thomas Cooley on the impact of high student loan debt among millennials

1 Faculty News December 12, 2014 ![Marketplace Logo](/sites/default/files/styles/246w/public/assets/images/marketplace_logo.jpg?itok=IIav3Udj)>

Excerpt from [Marketplace](http://www.marketplace.org/topics/economy/why-little-debt-isnt-such-bad-thing) -- "While many Americans have stabilized their balance sheets, [Thomas Cooley](http://w4.stern.nyu.edu/faculty/bio/thomas-cooley), a business professor at NYU’s Stern School, said young people have staggered under the weight of growing student debt. 'That’s a constraining factor in their ability to and their willingness to take on mortgage debt and more auto loan debt and so on,' he said."

[Read more](http://www.marketplace.org/topics/economy/why-little-debt-isnt-such-bad-thing)