Student Debt Crisis
Money most certainly does not grow on trees. Many people have to find ways to make money to make ends meet. The current student debt crisis has reached to incredible heights. With Stafford Loans now set to double from 3.4 to 6.8 percent, student debts are now garnering a lot of attention. Students now have to pay $2,600 more on average in loans in a decade. While the interest rates is a small battle, it is one giant battle as student debt is effecting students overall. How much has changed for students, and how much of an impact will ensue in the future?
I caught up with Daniels whom has been struggling to make ends meet. He’s pushing three jobs and barely has time for anything else. After obtaining his Psychology Degree he searched for jobs but to no avail. During this time, the debts just kept pouring in, and he had no choice but to go through the motions. He felt that higher education should be an investment for the future and not having to go through a series of job to reach a point where he already reached.
Americans has $1.1 trillion in outstanding student loan debt. That is even more than credit card debt and car loans. Quality education is very important. Economic success is important for the future. With the large amount, it’ll give less money to fuel in other things such as housing or cars. Congress has to address this student debt issue. With so much time and dedication, students are able to give back to the community without lifelong debts and high educational loan bills.