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The Importance Of College Debt

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Every year, thousands of students are affected by student loans. College debt is now the second form of consumer debt, right behind mortgages. Surprisingly, textbooks are part of the reason college students lose so much money. On average, students take eight classes a year. Given that textbooks are roughly $150 each, that puts students at spending nearly $1,200 annually (according to a Chicago Tribune report). Because of this high cost, there are many students that decide not to purchase textbooks, despite being aware of the “textbooks are mandatory” notices.
Our generation of young adults is taught that education is the most important task we could ever achieve in our life. Without education, how will we find a job? How will we make a living?

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