Student Loan Debt: A Case Study

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The four primary causes for the continue rise in student loan debt over the past decade is due to the instability of our economy (Hillman 35). First, the federal government’s policies ceased the funding of grant opportunities, replacing this option by expanding loan eligibility for college students (Hillman 35). Second, the changes to federal policies impacted state policies that offsetted college tuition costs over the years (Hillman 35). Third, the student population has increased significantly over the past decade; therefore, federal and state policies haves shifted the financial burden to students and their families (Hillman 35). Lastly, the median income for families continues to decline making it more difficult to meet the requirements
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