Student Loan Debt

$23,780. That’s how much on average students end up paying in student loans in North Carolina for their first year. 61% of students that come out of a four-year university in North Carolina end up paying almost six times that much when they get out of school depending on how long they stay in school(Friedman). Now some students end up paying more or less depending on their specific situation. The government now is very much running out of money to supply students with for their education. The national student debt is $1.31 trillion and rising. The reason the debt gets so high is because we are told that the more or higher degrees that we get the more money will make and will be better off in the end. Nevertheless, the more schooling we receive …show more content…
As reported by Lauren Dake “An article published this week by the Pew Charitable Trust details how other states are trying to tackle the rise in tuition costs. A growing number of states are trying to rein in the price students and their families pay to attend public colleges and universities. Tuition rose sharply during the Great Recession after states cut higher education funding. Now student loan debt is approaching (now surpassed) $1 trillion nationally, and even upper-income families are worried about rising college costs. And legislatures are under pressure to bring prices down, Pew reported. Minnesota, Ohio and Wisconsin all froze some aspect of their tuition, either in-state at two or four-year schools, Most states are spending less per student today than they were before the recession, the article states”. There has been talk about lowering the cost of tuition and few universities have lowered costs. Lowering the costs of tuition is one of the best ways to lower the debt. Lowering the tuition would help more students to go to get their higher education more often. One of the biggest turn offs that prevent students from going to a school is the price. Lowering the price could attract more students and instead of students trying to figure out how to pay for their schooling they can focus more on their grades and extracurriculars so they can get into that university. This solution is a great way to lower and maybe even diminish the student loan debt not only for the individual but the national student debt that is over 1.31 trillion

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