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Student Loan Debt And High Cost Of Education

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AMERICAN INNOVATION, TOO EXPENSIVE TO EARN Although millions of college students graduate each year, many of them are not successful after their education. Many jump in without knowing what they want to do and at the end once they have their degree they realize that it wasn’t what they wanted. Now they have thousands of dollars in debt and a degree they dislike or a degree so common it earns them but a dollar or two more than a high school diploma would. Some can’t even find job, yet they have the burden to pay back student loans, but what if we as students did not have the burden of debt? Would that make a difference? Could pursing a second degree be more feasible without the burden of expanding your debt? Student loan debt and high cost of education has become a huge issue in this country, they are deterring individuals from pursuing a degree, at times prolongs their education time frame and more often than not we are left with a huge debt to pay. I believe this deterrent is gradually affecting the number of innovators in our country. How can we fix this?
With interest rates as high as 9.37% through SallieMae one of the leaders in financing education, student loan debt has become a big business at the expense of the American people that want to better themselves. The national student loan debt surpassed 1 trillion dollars with the average individual debt being thirty thousand dollars. It is obvious why giving an education is more a business than a service.

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