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Negative Effects Of Student Debt

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Another negative impact that student debts has on the U.S economy originates from the impact is has on small businesses. It is acknowledged that small businesses are the backbone of the United States economy. According to the United States Small Business Administration, these small business's account for one-half of the private sector economy and 99% of all business. (Brent Ambrose) Additionally, 60% of new jobs conceived in the private sector were done by small businesses. In order to see the impact that student debt has on starting these small business’s, it is noteworthy to keep in mind that a considerable amount of capital is required. This is where student debt comes into play with a negative impact. As the cost of education rises many
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