“According to The Institute for College Access and Success (TICAS) Project on Student Debt, the average borrower will graduate $26,600 in the red. While we’ve all heard the screaming headlines of graduates with crippling debt of $100,000 or more, this is the case for only about 1% of graduates. That said, one in 10 graduates accumulate more than $40,000.”
I found this article eye opening in various ways. According to the Consumer Financial Protection Bureau, student loan debt has reached a new milestone, crossing the $1.2 trillion mark — $1 trillion of that in federal student loan debt. This milestone represents a huge problem in our society. “Student loan debt is a problem that will cripple economic possibilities and success to come.”
I will roughly owe $26,000 in government loans by the time I graduate. I feel that my education at SUNY Plattsburgh is well worth the experience. However, not everyone feels the same way about their debt. I question if my accepting attitude is culturally motivated. The socially constructed idea is to graduate college then landing a job which will essentially help you pay off your loans. The problem is that jobs are hard to come by, especially for journalists. If graduates do land a job will their salary be enough to comfortably afford their debt payments?