The Problem With Student Loan Forgiveness Essay

1447 Words Nov 23rd, 2015 6 Pages
Many American students suffer with college debt. The average student that graduates with a bachelor’s degree leaves the university with more than $30,000 in debt. Students that graduate with graduate degrees can end up leaving their universities with more than $100,000 in debt. Living with that type of debt has caused many Americans to put a lot of the plans they had post- graduation on hold. Average people have a hard time paying bills and living day to day already and with the added stress of school loans for many it can become unbearable. Student Loans should be forgiven under certain circumstances as in the “Public service agreement” that allows a student debt to be forgiven only after a person has done their work for the community for over 10 years.
In an influential article “The Problem with Student Loan Forgiveness” Sophie Quinton addresses how student loans are not easy to deal with and paying taxes for student loans is not an easy thing to do, but forgiving loans would help the economy in many ways. Such as giving young entrepreneurs more money to advance their careers and businesses. Students leaving college after their undergraduate degree usually have loans that would take years, if not multiple decades to pay off. The graduating high school student of 2015 is expected to have a debt of almost 35,000 dollars. That alone is someone’s yearly salary. Federal government has made ways for a common person to lower their debt and eventually acquire loan forgiveness.…

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