The average student loan debt in America is around $30000 according to America's Debt Help Organization, while the average student in Denmark gets a monthly payment from the government ranging from $150-$900 depending on different factors. Looking at these countries as examples, the cost of attending college in the United States is much more expensive compared to a Scandinavian country like Denmark.
If we look throughout the history of the American student debt we see just how much it has changed. Back in the 1940’s the perception of college was different. College was for the rich and wealthy and there wasn’t the demand for a higher education that we see today. but this changed after WWII with the GI Bill of Rights. The law made it possible for veterans to receive financial aid making it possible for them to attend college. This created an enormous demand and had a hand in making the perception of college to be a possibility for the middle class. (Sanchez)
By the 1970’s the demand for college kept rising, but the general …show more content…
This had to be done by tuition and different fees from the students. The US government had made it easier to attend college, and lend out money to pay for such education. This was one of the main reasons for the sky high tuition rise through the last decades. (Sanchez)
In Denmark it is a completely different story. Today, when you turn 18 and are enrolled at a school, you can apply for a government support called SU (Statens Uddannelsesstøtte). This support is usually given on student’s last year of high school, and then carries over to any higher education. The purpose of SU is creating the best conditions for studying and learning by trying to remove the need for employment. It consists of a monthly payment of around $150-$900 depending on different factors, such as family income, living situation, number of siblings