BLOG POST #36- Student Debt
There is massive student debt sweeping the nation. Student debt today is over $1,000,000,000,000! That’s ONE TRILLION dollars! The average student has between $26,000 and $30,000 of debt by the time he or she is out of college. These prices are insane. People will need to work the rest of their lives in order to pay off their debt in loans. And for many people, they refuse to get to that point. For many, they are now choosing schools based on the tuition and the mindset of not wanting to be in debt once they are out of school.
My own brother had a difficult time deciding which college he would attend because of this. He ultimately decided he’d take the hit and he chose to attend Maryland University. But then there is one of his close friends, a family friend too, who would have loved to attend Maryland University with my brother but is not. And I feel terribly for this kid because his older brother by only a few years attended Maryland University, leaving the family in debt. Now that it’s his turn to go to college, the family is still in debt and can’t afford to hurt themselves further financially by sending another child to Maryland. Even if his grades are good enough, his family didn’t let him apply because he had no shot of attending. Instead he is going to enroll locally at Queens College.
And that is just a middle of the road case. But some people out there are even mortgaging their homes due to student debt. This country has some serious issues when people risk being homeless just so that they can attend school. Something needs to be done to fix this absurdity, and soon. Otherwise everyone will lose money and this country will collapse.
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