The Effects Of Student Debt

Everyone who wishes to continue their education is faced with the same question of much will they owe by the time of graduation. Undergraduate degrees are practically a necessity for success in the modern age we live in today. With student debt just surpassing 1 trillion dollars it draws many concerns among citizens, who are now voicing their opinions on the matter. To put things into perspective, college loan debt alone is more than all of the credit card debt in the nation. A majority of students who attend college will take out a loan and with that loan comes an interest rate; with this in mind most students do not realize how much debt will occur upon graduation. Student debt is a huge issue for there is no guarantee of finding a job. Graduates

Many are told “you have time” but in reality time is money and the longer students attend school the more debt they will accumulate. Also there is fear rising due to debt because some think that the college debt will begin to affect student choices when picking a major It is said that most students no longer pick a career because they love it, but more for how much money they will make in the long run (Eisler and Garrison). Everyone has heard of the haunting student debt and the second you walk onto campus students need to take the right steps toward graduation. With our economy it is getting harder to find jobs or even make a decent living after graduation, which then makes it difficult to start paying back the loans acquired. Ann Kuzman, John Kuzman and Theiwes stated, “as of September 2009, only 46% of individuals aged 16-24 had jobs, which was the lowest level since the government began counting in 1948.” A bachelor’s degree is now becoming the new high school diploma with most jobs now wanting students to go to graduate school. This just adds on another two to four years of schooling and with this adds on more