The Problem Of Student Loan Debt Essay

The Problem Of Student Loan Debt Essay

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Employers consider a degree necessary for getting a job at their company. However, not many people can afford college. The solution is to take out loans, then college becomes affordable. These loans create a whole different issue, student loan debt. This can affect people their whole lifetime and has been happening for years upon years. But, in the more recent years America is starting to shed more light onto the issue and are becoming curious on why colleges charge twenty five thousand dollars, or more, for a year of education. Many different countries offer free college, but in America student loan debt keeps getting worse.
Many articles talk about the hierarchy of student loan debt. For example, those in the middle class or lower class are more apt to have to take out student loans. Meanwhile, the upper class can afford this education. Over half of the United States is middle class, this means the majority U.S might at some point end up with debt. But this doesn’t mean that those who do end up with student loan debt are going to stay like that forever. In Bangchangs article “Factors Affecting Academic Performance of Undergraduate Students”, he talks about the socioeconomic part that goes into student debt. “... we found that students who were employed (do part time job) during a semester are more likely to obtain a higher CGPA than the students who do not work. It may refer that the students, who work during a semester, are better in time managing and have
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more responsibility”, and “students who pay their tuition fee by student loans are more likely to have better academic performance than students whose parents pay for. It may conclude that student who pay by student loan feels more pressure to getting a job after g...


... middle of paper ...


...owing that it wasn’t just a
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single person with this problem. Bangchangs article allowed for a more statistical view of the issue. Saying what gender, race, region etc. is experiencing this issues, giving it a better visual. Doyle’s article gave the monetary side of things. Letting us see how much debt is actually at hand. In order to pay off all of the debt that is at hand right now, everyone on Earth would have to pay about $130.
Student Loan debt is an issues that is talked about but is never fixed. Many people are willing to talk about it, but fixing it? It will not being happening anytime soon unless we change our ways drastically. (public) Tuition prices went up 200% since the 1990’s to the current day in age. We categorize college as a necessity but charge it as a luxury. How do expect to raise the next generation of America if we cannot afford it?

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