How Much College Loan is Too Much Free Essay Example, 1000 words

The paper presents one of the proofs that college students take too much debt that is clear from the economic perspective. The recent drag in economic growth goes along with an increase in student debt levels. The effects of this drag and the debt are likely to be felt/ experienced in the future. An example of such effect is witnessed when the graduates join the workforce. Instead of using their money to sustain a happy family or save for retirement benefits, the graduates spend loads of their salaries paying the debts. As a result, the final value of their retirement value reduces greatly. As a result, a graduate might find it hard to leave their parents homes thus creating a drag in the household formation. Policymakers have come up with proposals which serve as alternatives to the student s tuition problem, though they are not solutions, they help bring a less indebted generation of students and also minimize the negative consequences. Among the proposals, is that apart from the basic education provided by the college programs, lecturers should also incorporate education about borrowing money for college students. We will write a custom essay sample on How Much College Loan is Too Much or any topic specifically for you Only $17.96 $11.86/page