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A problem with student loan debt is that students gain more debt because they are not able to pay off the student loans within the given time which also causes them to put certain life decisions on hold. According to Sophie Quinton debt is a problem for the recent college graduates because “There’s currently no way to get rid of federal student debt other than paying off the loans. while some borrowers are paying off their debts just fine, overall they are adding debt faster than they are shedding it”(Quinton). According to Jamaal Abdul-Alim stated that a “survey - titled Student Loan Debt: Who’s Paying the Price?- revealed a number of troubling statistics about the practical ways that student loans are impacting college graduates in their everyday lives. For instance the survey found that: 49

Over the last decade student loan debt has risen substantially and is now one of the largest form of personal debt in America, totaling about one trillion dollars, with 71 percent of students who earn a bachelors degree graduating with debt, with the average amount of debt being $29,400.

As many would be led to believe, student debt affects the vast majority of young people in this country. According to Daniels, seventy percent of students who have recently graduated are now considered to be under the category of borrowers (2015). In relation to the population, that is a total of forty million people (Daniels, 2015). Unfortunately, many of these students are reaching the point of possibly defaulting on the loans they have accumulated (Daniels, 2015). Although students are now being educated about being very careful when taking out loans, many do not have a choice. Student debt seems like a nonstop revolving door for us young people. The sum of the student loan debt that the population of forty million Americans has is a total of $1.2 trillion in college debt (Student-loan debacle, 2014).

Student loan debt is a debt that students allow to build up and mess up their credit for not paying it back. Student loan debt can be fixed with repayment plans that the student decides will be good for them. Student loan debt came about in 2006 and has been rising higher every year since. Student loan debt is called the gift that keeps on giving. In reality it does not keep giving the student allows other debts to come along making the first debt have more interest and become more expensive than it already was. Student loan debt also comes from the type of school the student decides to choose ("U.S. Student Loan Debt Statistics for 2018”). Whether the school is private or public the debt is tremendous if not

According to the article “College on Credit” written in “The Economist” journal, student debt over the years has risen tremendously. In the course of 10 years, student debt has sky rocketed from $41 billion to $87 billion in 2009. Certain states decisions to increase the tuition fees to help heal their own budget troubles will only worsen this economic crisis. The article further states how borrowing will continue, if students are unable to pay the tuition. Due to limited government funds, the ever so increasing number of students wanting to borrow loans resort to private sources.

The cost of getting a college education has risen over the past three decades. Comparing it to the housing and medical care markets, it has risen considerably more than them. The current student loan debt, has risen to an astonishing $1.2 trillion dollars, the largest ever recorded. Student loans are just now a burden on our society, yet no one is surprised about the amount of debt the students are in. Yet is is extremely

Just how bad are college students in debt in the Unites States? In the United States student debt is completely out of control but more serious for vulnerable groups. A student loan is arranged to help students pay for colleges tuition, books, and living expenses. If you apply for financial aid, you may be offered loans as part of your school’s financial aid offer. A loan is money you borrow and must pay back.

In mid-2010 higher education debt surpassed credit card debt at $830 billon dollars(Clemmitt 877-900). Debt has become an increasing problem for students who want to attend college. As more students try to further their education, tuition rises and so does the amount of loans taken out each year. According to Belkin, “Students attending public four-year institutions this academic year are paying an average of $12,620, up $220 from last year, for tuition, room and board,” meaning that tuition is only growing not decreasing from previous years(Belkin n.p.). Many people debate over whether they should attend college and be in debt or if they should get a job somewhere that allows them to live a comfortable life debt free. Two-thirds of college graduates have to take out loans in order to get through college(Dwyer, McCloud, Hodson 1133-1155). Many people question, “Does rising college debt limit who attends and completes college?”, while many people have different opinions on this particular subject, I believe that it depends on the student and their situation if college debt limits who attends and completes college because it depends on their financial stability, it depends on if they are borrowing the right amount and it depends on if their degree provides them with the means to pay back their loans, however, many people would disagree with me and say that yes, college

As decades pass by, obtaining a college degree seems more necessary to get a decent job after graduating. Therefore, high school students feel the pressure to get into a good university and to get the highest degree possible, even when they have no plan on how to pay for it. Financial aid has not kept up with growing tuition prices, and taking out student loans seems almost impossible to avoid. According to research, “About 40 million Americans hold student loans and about 70% of bachelor’s degree recipients graduate with debt.” (Market Watch) The U.S currently has a total of 1.3 trillion dollars of outstanding debt. There is a ton of controversy on how to solve this issue, but there are progressive solutions schools and college kids need

Student loan debt is growing rapidly in this country and many students default on their student loans due to a lack of education about finances and budgeting. These are two difference sources that give average figures about student loan debt. “I think when students are graduating with $20,000 in loan debt, that‘s not a thing to ask and still expect all of their future prospects to be intact” (Pugh 2012); this is the second source: “The class of 2017 will leave with an average debt of roughly $35,000.” (Belkin 2017) These two sources were written only five years apart, yet the amount of student loan debt on average, per student rose more than $10,000 dollars in that time frame.

Research has revealed that Student loans make up 54 percent of aid for college tuition, making them the largest form of loans awarded to students. With the increase in student loans, the rate of defaults are on the rise, this could be the attributed to the high-unemployment rate or other financial factors. Student loans continue to be an albatross around the neck of many students, every year there is a marked increase in student borrowers. The rise in the increase of students loans coupled with the overall expenses for college has grown faster than inflation. Why is this? Experts contend that more and more students are increasingly taking out a series of student loans, thus compounding the debt ratio. Taking on new student loans only increases your debt, thereby, sinking you further and further into financial crisis. It is straightforward, the more debt you incur, the deeper the debt spiral.

At some point, it was said that the United States had a high credit card debt that could take a few decades to pay off. Now student loans are the talk of the Federal Reserve, with the amount of loans accumulating up to $829.785 billion, surpassing the infamous credit card debt. The Forbes website suggest that student loans are

Over the preceding few years, there has been a swift surge in the level of student debt in the United States. Student debt has now exceeded credit card debt in order to become the second largest volume of household debt only lagging to mortgage debt. (Figure One) The idiosyncrasy that makes student debt stand out from other types of debt and liabilities is the fact that it cannot be resolved via bankruptcy. A consequence of this is the financial burden that an individual will have until the burden is repaid. This financial burden will not only affect individual economic outlook but also on the whole United States economy. Currently, more than forty million people in the U.S have student debt that totals $1 trillion. (Dynarski) This upsurge

In less than a decade the loan debt has increased tremendously by 56% and there will be a greater increase as the years go by. According to The Institute for College Access & Success they found out that at least 70% of students graduate with a loan debt of at least $28,000. The average median income household earns $56,000 in a yearly salary, however, a low income family of four only makes $24,000 a year. According to the college board it cost $17,000 a year which covers tuition, fees, room. For many students that is almost impossible to pay because they have other expenses to pay besides school.

In 2010 student debt has increased to $830 billion. That is more than credit card debt. Graduating with such high debt is hurting students in the long run with jobs, making large purchases and stimulating the economy. The author gathered information from books, articles and studies. Even though she has a degree in Liberal Arts and Sciences. She has done other articles on “School Reform” and “Regulating Credit Cards.” This article is going to work best for people finding out more information on student loan debt and how it is affecting graduates after college. This resource shows a point of view from an educational and government stand point. There is a pie graph that shows what type of loans make up Financial Aid and a bar chart the show the