We’ve heard it all before. The mountainous debt, constant partying, and falling academic quality offered by many universities across the nation have begun to call the value of an undergraduate degree into question. Yet, more and more students head into college. Why are we, the nation’s youth, so prepared to cast ourselves into tens of thousands of dollars in debt for an increasingly devalued, but increasingly expensive, piece of paper? The answer is one part psychological and one part cultural – but all parts social.
Nate Galt | United States
This country is facing a major economic crisis- 1.5 trillion dollars of unpaid student debt. The next generation of college graduates will have hundreds of billions of dollars in borrowed money, most of which they will never be able to repay. After home mortgages, student debt is the second-highest type of consumer debt, higher than credit card debt. With solutions to student loans being thrown around on the campaign trail, it’s time to talk about the future.