As a college student, are you facing a problem known as “student debt”? Student debt is referred to the money owed on a loan taken out to pay educational expenses. In today’s world there are many college students thinking about this topic. This issue is affecting college students across the country and should be addressed. We should come up with a solution so that it won’t affect college students anymore. In this essay, I will argue that loans are expensive, carry interest, and can last for decades. To start off with, the price of loans are expensive. According to The Simple Dollar, “Approximately 70% of 2013 college graduates left school with almost $30,000 in student loan debt. Meanwhile, the average starting salary for college graduates in 2014 came in at $45,473 (Johnson).” This is a major problem and I feel as if it detours students from taking out loans to help pay for their college expenses. My personal level connection to this issue is that I had to take out a student loan to help pay for my books I needed for all of my classes this fall-2016 semester. It allowed me to purchase all of them and not worry about how I was going to come up with the amount of money I needed. …show more content…
I think students shouldn’t have to pay interest on their loans for school. According to Federal Student Aid, “Interest is money paid to the lender in exchange for borrowing money. Interest is calculated as a percentage of the unpaid principal amount (loan amount) borrowed (Interest).” My local level connection is that many students at MTC (Midlands Technical College) have taken out loans to help pay for their tuition and books. Many students have to pay interest on their loans until it is paid off. If students don’t keep up with their payments on their loans then they will have to continue to pay for them for years to