Son
Vo
Documentary (1:30)
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.
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