Education Loan Debt Impact On Graduates ' Lifestyle, Income, Career Satisfaction

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I. Title: Education loan debt impact on graduates’ lifestyle, income, career satisfaction
II. Introduction
The return on investment for a college degree has grown however the cost of higher education has increased at faster rate. The growth in tuition and fees has led to an increased need for students to take on educational loans to fill in the funding gap; federal loans now make up 45% of student aid packages (Baum & O’Malley, 2003). Educational loan debt has transitioned from an individual problem to a societal one. Over 35 million Americans are currently paying off educational loan debt (Williams, 2014). In 1982 student loans began to increase while federal, state, and private grants shrunk (Elliott, 2014). Student loans have become the primary financial aid tool for funding college. The shift in funding for higher education resulted from the view that a degree is a personal investment and the student should bear the burden of the cost not government or universities. Educational loan debt is a critical and valuable investment, however because it must be repaid it has the potential to inflict financial vulnerabilities and influence choices.
College graduates are strapped with mounting levels of debt as they pursue a college degree to cultivate their human capital and improve their career options. Recent generations of young adults are earlier along in debt accumulation and have yet to hit many of the major adult milestones that often lead to debt, they are loaded with

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