College Debt's Effect On Young Americans

The cost of education has risen and obtaining a college education has become more difficult than ever now due to the sky rocketing cost of college tuition. In today’s economy with such limited jobs available, often students graduate and are unable to find decent paying jobs in the field that they studied. With the rising costs of college tuition, many students are forced to work and apply for student loans which put them in a financial mess after they graduate.

Many students struggle over the years just to pay off their college debts.

These days it is difficult to find a good paying job that doesn’t require a college degree, therefore getting a degree should be made more obtainable for students. One might argue that grants and financial aid are available to students; however students still struggle to pay for their college tuition. Student loans differ from other loans in many ways, firstly their interest rates are at six percent, which is higher than those of home loans.