The issue of national student loan debt is growing more prevalent every year.
With the cost of college tuition on the rise, many students are finding themselves having to take out more loans than ever before in order to cover the cost of their educational pursuits.
Unfortunately, these loans often come with high interest rates and steep repayment terms.
This can lead to a mountain of debt for post-grad students, as they are often unable to repay their loans in a timely manner.
Additionally, with job prospects in 2020 still uncertain, many recent graduates find themselves unable to secure the work necessary to pay off their student loan debts.
This leaves them with little other option than to default on their loans, leading to a potential host of problems.
Furthermore, national student loan debt also has the potential to influence the greater economy.
By weighing so heavily on recent graduates, these crippling debts can prevent graduates from taking steps such as buying a car or a house, which can negatively affect the economy as a whole.
In order to ensure the health of the nation’s economy, it is essential that we address the issue of student loan debt.