Problems With Student Loan Debt Essay examples

769 Words Feb 14th, 2016 4 Pages
Countless people would agree that our country’s young adults continue to incur a lifetime of debt by enrolling in college. In addition, it has become a tolerable understanding that if you plan to attend college, you might as well expect to graduate with a monstrous amount of debt. Very valid and life altering problems can arise with student loan debt. Robin Wilson, a reporter for the Chronicle of Higher Education, wrote an article, A Lifetime of Student Debt? Not Likely.
“Of the 65 percent of graduates who face debt, the average [debt] is around $20,000.00, [however], about a third of graduates leave college with no debt at all for their education” declares Wilson (257). Furthermore, Publisher of FinAid, Mark Kantrowitz declares that more often, the problem among students who go so far into debt is that they are determined to attend their dream college and do “whatever it takes” (258). Another point Wilson makes is that “it is no one’s job to talk with students about whether the amounts they are borrowing line up with their professional aspirations” (264). Unfortunately, “[c]ollege academic advisers are intimidated by the complexity of financial aid” says Jacqueline E. King, assistant vice president for policy analysis at the American Council on Education. Evidently, the financial-aid offices inform the students to “make the academic decisions, and we will try to get you the money to pay for it” (264).
[Unfortunately], financial risk has increased (Lauren J. Asher, President…

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