25 March 2013
Student Loans: The Good, The Bad, And The Impossible
As college students, I'm sure most of us have had some experience with student loans. While student loans are, without a doubt, a worthwhile investment, they seem to be an increasing burden on the typical American graduate.
With the price of tuition constantly increasing, loans have become another necessary evil in the lives of students. Sure, they're a great way to build credit, they have a low interest rate, and they're absolutely necessary for most students, but how big are the consequences?
It's no secret that graduates have been having a hard time finding employment in their fields after college. Yet, they leave college with roughly $27,000 in debt with no way to pay that back.
With tuition increasing and career availability decreasing, are student loans getting young adults in over their heads right out of the gate? What can be done about the situation? How does this debt end for graduates?
I don't pretend to have the answer. I can't see how this will all work out. I just hope we can find a solution before higher education become unattainable for the average American.