Student Loans : A Type Of Debt Essay

1870 Words Dec 13th, 2015 null Page
Student loans are a type of debt that continues to affect about 37 percent of the American people (Lanza 1). These loans affect our population by not allowing people to live the normal lives that they should be living but are rather burdening themselves with debt. If student loans are forgiven, they will greatly boost America’s economy and increase social interactions such as marriage. If the loans are not forgiven there are multiple ways for the loans to be paid off quicker and easier rather than straining oneself to pay back the debt. Forgiving student loans will greatly boost the United States economy. College students are the type of people society needs to do things such as start businesses, buy homes, cars, invent things and make babies. But, if people are burdened with the debt; they are less likely to make this kinds of decisions. Unburden then and the economy will receive the boost it needs to thrive (Webley 1). Robert Applebaum wrote in a petition, “With the stroke of the President’s pen, millions of Americans would suddenly have hundreds, or in some cases, thousands of extra dollars in their pockets each and every month with which to spend on ailing sectors of the economy” (Webley 1). If Americans we given the excess money, they will either spend it or save. Spending the money given will benefit the economy while saving will benefit the person. Student loans affect all people because it affects the economy. The overall student debt is at $1.2 trillion and is…

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