Overly borrowing, not paying off student loans is affecting all of us because no matter if for some reason you can’t pay your going too. You shouldn’t go to college because you will graduate with tons of student debt! In the article, Preserving the promise of higher education: Ensuring access to the “American Dream” through student debt reform by Michael Wenisch, goes into detail about students over-borrowing affects the financial markets as a hole, causing the banks to raise prices on student loan debt. On a ominous picture about students overly borrowing and that they are not likely to pay their student debt before their death, the affect many colleges and universities forcing them to declare bankruptcy and cease operations over the next ten years. (pg.348) (1st paragraph) In the first paragraph, Michael Wenisch gives his personal statistics on how in 2010 student loans taken out exceeded $ 100 billion, and that the total outstanding debt has doubled in the last five
Overly borrowing, not paying off student loans is affecting all of us because no matter if for some reason you can’t pay your going too. You shouldn’t go to college because you will graduate with tons of student debt! In the article, Preserving the promise of higher education: Ensuring access to the “American Dream” through student debt reform by Michael Wenisch, goes into detail about students over-borrowing affects the financial markets as a hole, causing the banks to raise prices on student loan debt. On a ominous picture about students overly borrowing and that they are not likely to pay their student debt before their death, the affect many colleges and universities forcing them to declare bankruptcy and cease operations over the next ten years. (pg.348) (1st paragraph) In the first paragraph, Michael Wenisch gives his personal statistics on how in 2010 student loans taken out exceeded $ 100 billion, and that the total outstanding debt has doubled in the last five