The Pros And Cons Of Student Loan Debt

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Cost of College
Nelson Mandela, a civil rights leader, once stated, “ Education is the most powerful weapon which you can use to change the world.” (Lancial). Education is the foundation of American society. Every aspect of American culture stems from the knowledge a person gains after high school. Without college, life would be different for everyone. There would be no doctors to help people when they’re ill; no scientists to create technology. There would be no advancement. Obviously, college is incredibly important in maintaining the world the way it is, so why are so many Americans in debt over it? In 2011, the student loan debt in America hit $1 trillion, and continues to rise by $3,000 every minute (Lancial). Many people believe that they can afford college. Students become entranced by the false words of colleges and ignore what is right in front of them. The most indebted individuals are the graduating class of 2014; 70% of the new undergrad degree holders carry an average
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While student loan debt can be absolutely crippling, there are many ways to avoid it. Although attending an in-state college is the best solution by itself out of the three, it will not completely prevent someone from ending up with debt from college. If all three solutions were put together, new college students may stand a chance later on in life. If an individual worked throughout high school and saved their money, applied for countless scholarships and grants, and attends an in-state university, they will have a really good chance to be debt free when they graduate. While there isn’t anything that can be done for those who are already in debt, if more awareness is created on how to prevent that debt, future college students won’t have to deal with it. A single person cannot change this. A large group of people who agree that it is wrong to attach lifelong debt to a young adult are the only ones who can make a

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