“This website fulfills an assignment for the learning community ‘It’s the Economy, Stupid’ at Skagit Valley College.”
The Student Debt Crisis -A college education has always been a wonderful experience, as well as a requirement for many of todays fast paced careers. Although it can be quite expensive it should be made available to all. While there are many ways for paying for this college experience student loans are on the uprising, thus creating a student debt crisis in our nation. This site explains many of the aspect of this student debt crisis, and will hopefully further the understanding of this problem to the viewers.
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There hasn’t always been a problem with student debt. Years ago it was simple, you would get a student loan, attend college, and then once graduated you would get a job and pay that loan off. There is a problem our nation is having now that was not a problem before, and that is the fact that these college graduates are not able to get jobs when graduated out of college. 8.8 percent of college graduates are unemployed, and this to me is one of the main reason that student debt is so much more of a problem than it used to be. The average amount of debt that a college graduate would have is $26,600, that isn’t an outrageous amount of money for the usual four years of school, but the fact that these students are not able to get jobs for years after they graduate makes this a daunting task to pay off.
A good explanation on how we got into this mess. |
There are many more reasons why this college debt crisis is getting so out of hand. With the constant rising tuition costs skyrocketing over the past decades it is no surprise that student debt has been such a problem. But not only do these students have an awful job market to come into once graduated, they also have piles of students loans to pay for. These are two thing that do not mix well.
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