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

“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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