it’s 2016 and that average debt is probably double by now. Every day people do not have that much money to pay back their college debt. “About 70% of 2013 graduates left college with an average of $28,400 in debt” (Bidwell). $28,400 is about the price of a brand new car. This is thousands of dollars that students will have to work all of their life just to pay off. Students just out of college do not have $20,000 laying around to pay back for their college debt. Many graduates chose to use a 20 to 30 year repayment plan. College debt does not only affect the student but it can also affect their future families.
If they can’t pay off their student debt they might not be able to pay for their future children’s schooling, or it may influence
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When financial aid covers the wrong thing students end up getting jobs and work long hours, and most end up cutting their time in college a couple years short. Financial aid should be going to students and families who are actually in need of it and cover costs of the important things such as, books and other fees. Student aid and scholarships do help lots of students but, is it helping the right ones? Even after all of this financial help many students will still end up in thousands of dollars of debt years after graduating college. College should be free so that students who can not afford the annual tuition costs are still able to attend college and get the degree they want. There are people all over the world that want their dreams to truly come true. Colleges do not think about poor inner city kids or those who live in a one parent household with 5 siblings. They only serve those who will feed them money. They could care less if you do not have enough money. Colleges are really cruel in the fact that they will sit and take every dime you have but the second you stop paying them cause an emergency happened they do not care about