How The $1.2 Trillion College Debt Crisis Is Crippling Students, Parents And The Economy By Chris Denhart

http://www.forbes.com/sites/specialfeatures/2013/08/07/how-the-college-debt-is-crippling-students-parents-and-the-economy/

“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?

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