The price tag of higher education in America has seen an all-time rise over the past five years. The younger generation of those in their twenties is often referred to as the millennial generation. The millennial generation are those who face the worse setbacks of the rise of tuition and growing student debt. It is important for us to be aware of the real price of education concerning the rising tuition and everlasting student debt. Student debt can provide immediate relief, but to millennials, it is setting them back years of starting a family while also being impossible to erase, and allows the government to profit a large sum each year.
There is a pattern of millennials starting families’ later in life and this seems to be due to the growing …show more content…
While Bryski remained comatose for two years, student debt collectors harassed his family. After Christopher’s passing, collectors set their eyes on his father. When applying for this private student loan, Christopher put his father as his cosigner. Mr. Bryski was unaware that his son’s debt could be turned over to him and eventually ruin his line of credit. The family went on to fight against private lenders, stating that they should spell out the obligations and extremities of the binding contract. Lenders, whether public or private seem to be vicious and entitled to collect their money back instantly and with a hefty interest. The Bryski family went on to fight for families of deceased loves ones to find student debt relief under a law known as Christopher’s …show more content…
Public student loans that come from the government have an average of 4% interest on your total amount borrowed. In 2013, the government had a reported earnings of $50 billion off of student loan interests. There is no clear idea of where this money has been spent, but it should absolutely be invested into the educations of future students. Countries such as Germany and Finland are tuition free and support education in their perspective countries. America on the other hand, has a high dollar amount associated with education. Politicians, law makers, and our government as a whole can take notes on beneficial free education could be in other countries and apply said knowledge here in America. There is a saying that rings true, knowledge is
There is a pattern of millennials starting families’ later in life and this seems to be due to the growing …show more content…
While Bryski remained comatose for two years, student debt collectors harassed his family. After Christopher’s passing, collectors set their eyes on his father. When applying for this private student loan, Christopher put his father as his cosigner. Mr. Bryski was unaware that his son’s debt could be turned over to him and eventually ruin his line of credit. The family went on to fight against private lenders, stating that they should spell out the obligations and extremities of the binding contract. Lenders, whether public or private seem to be vicious and entitled to collect their money back instantly and with a hefty interest. The Bryski family went on to fight for families of deceased loves ones to find student debt relief under a law known as Christopher’s …show more content…
Public student loans that come from the government have an average of 4% interest on your total amount borrowed. In 2013, the government had a reported earnings of $50 billion off of student loan interests. There is no clear idea of where this money has been spent, but it should absolutely be invested into the educations of future students. Countries such as Germany and Finland are tuition free and support education in their perspective countries. America on the other hand, has a high dollar amount associated with education. Politicians, law makers, and our government as a whole can take notes on beneficial free education could be in other countries and apply said knowledge here in America. There is a saying that rings true, knowledge is