The Cost Of College Education

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“The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt.” by Bernie Sanders (College). As the famous candidate for presidency says, college education may serve a greater purpose, but the increase in unpayable debt is an issue for young adults who have a hard time in finding a reasonable payment plan when student loans exceed the living costs. Student debt has exceeded from 2003 to 2012 by 20% (Caldwell). If one would take out a loan for 10,000 US dollars by now it has grown to double that amount. How can anyone pay that much without getting a bad credit score? This continues as we can take a closer analysis of the bar chart below. Picture one shows us a bar chart of the trending increase in student loan (Lee). For younger adults the amount of student loan being taken by high school graduates has increased by almost 33%. In total, the amount of student loan increased from 2004 to 2012 is almost 400%. This is why most high school graduates heavily rely on parents because not one eighteen year old has the resources to lead a stable life. The young adults cant break away from their parents because they cannot pay off these debts. Most of these debts increase because none of them can be paid on minimum wage so a large monetary deficit appears in the student 's balance. In picture 2, we can see the balance between of the major loans being paid (Lee). HELOC means home

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