Student Loan Debt Analysis
The story of student loan debt isn't too often talked about, students don’t take it too serious like they should. College students that barely have time to work spend four years thinking about the student loan; how it will affect their life after college; how they will manage to pay it later. Seven in a total of 10 seniors that graduated back in 2015 had a student loan debt average of $30,000. It had increased 4% comparing to 2014 graduates. Within the years, student loan debt has grown at twice; America colleges graduates are lucky if they have some money left to pay the bills, or even to eat regularly. Every year the debt is increasing, but when this will stop? "I believe we have a higher education bubble," says Derrick Handwerk, managing
…show more content…
It’s a problem because the recent graduates have to get a good paying job, in order to be able to pay their own bills and still pay the debt that they accumulate within the four years in college. And we know that recent graduates don’t get really good jobs at first, it won’t be easy for them to get a good paying job and then having a nice life without having to worry about bills and money. The only way out is working in multiple jobs, and with that they will lose a lot of time, putting out their social life, put off having a kid, car purchases because they cannot afford to pay car payments and any more loans, put off buying a house or even getting better opportunities in business. The money that they make go straight to the government, so how are they supposed to have a better life conditions like this? Those loans are not allowing people to live the normal lives that they should be living but are rather burdening themselves with debt. But if all those recent graduates keep worrying about their debts and how to pay it, how they are going to manage to live without stressing about it? If they work in two jobs, at first they won’t have a social life, they will be either working or resting, and that’s not a good life for any human being, it’s cruel, even more for a recent college graduate. All those factor can lead to bankruptcy, on a really young age. Some students choose to work while they are in college, so they can pay off their debt still while they are in college. But we all know the struggle that can be for a student, working and studying is not an easy task for anyone; and that can make them demotivated to graduate or they can even drop out. So pretty much something that it was supposed to help you out while you are in college, help you to get a good paying job, a nice life, a bright future it’s
It’s a problem because the recent graduates have to get a good paying job, in order to be able to pay their own bills and still pay the debt that they accumulate within the four years in college. And we know that recent graduates don’t get really good jobs at first, it won’t be easy for them to get a good paying job and then having a nice life without having to worry about bills and money. The only way out is working in multiple jobs, and with that they will lose a lot of time, putting out their social life, put off having a kid, car purchases because they cannot afford to pay car payments and any more loans, put off buying a house or even getting better opportunities in business. The money that they make go straight to the government, so how are they supposed to have a better life conditions like this? Those loans are not allowing people to live the normal lives that they should be living but are rather burdening themselves with debt. But if all those recent graduates keep worrying about their debts and how to pay it, how they are going to manage to live without stressing about it? If they work in two jobs, at first they won’t have a social life, they will be either working or resting, and that’s not a good life for any human being, it’s cruel, even more for a recent college graduate. All those factor can lead to bankruptcy, on a really young age. Some students choose to work while they are in college, so they can pay off their debt still while they are in college. But we all know the struggle that can be for a student, working and studying is not an easy task for anyone; and that can make them demotivated to graduate or they can even drop out. So pretty much something that it was supposed to help you out while you are in college, help you to get a good paying job, a nice life, a bright future it’s