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Student Debt Essay

446 Words2 Pages

Introduction
Americans have almost 17 trillion dollars in debt in total in April of 2023, in which around 10% of that debt is student loans. Student loans are a big issue because they contribute to the harm of many student's careers early on, delaying when Americans buy houses, cars and other financial decisions. Student debt is a big dent in the economy, but many say that this is a nessasary evil, required for the population to afford their education. Student debt could mean the difference between your dream school and job but also comes with the downside of debt before your first job. Student debt is problem for many students across the globe but is a big problem In the US. Student debt needs to be lessened, because it negatively impacts …show more content…

Student loans cause delays in purchases of cars and houses as well as retirement plans, they are in general a setback for many people fresh out of college and starting a job or wanting to start their own business. while researching this topic, I was able to compared the differences of a person with student debt vs a college student debt free, the differences are vast and very expansive. Although student debt is a problem, I still think that it is a nessasary evil that is required in our society to provide people with higher education, but steps still should be taken to improve student debt for students, like increasing the deadline, lessening the amount of money due and more. In the end, student debt is affection many college students around the world and matters as it is a big worry for many fresh out of college. If I were to continue acting on this topic, I would look at different solutions and ways to improve student debt and study how well they would work and how it would affect our society. In conclusion, Student debt is a problem for many around the world, many still consider it to be a nessasary evil for those wanting to attend a good school, which might be true but there can be many steps taken to improve student debt, making car purchases, mortgages, retirement savings, vacation plans, and business start-ups better for students

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