The Walking Debt: The Student Loan Problem

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Student debt is something that almost everyone gets into. Some people fall in more debt than others, but still manage to get out of it.

Other people, once trapped in debt, are trapped in debt for life. Although higher education such as college is extremely important for students today, getting a degree does not guarantee employment as it once did.

Today, getting a professional degree, a degree that is above a doctorate, can pay off in dividends of $4.4 million dollars or more.

Even someone who has an bachelor’s degree can expect to earn $2.1 million dollars more than someone else who doesn’t. But it has gotten more difficult to afford college in the past few years.

There has been some news lately about the possibility of cutting the Pell Grant as a way to help reduce the deficit. 75 percent of students do not want to see this reduced, beveling it would make education much harder to afford.

What are your thoughts on this issue?

From: Top Colleges Online

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