Prodigious Student Loans

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As college degrees becomes increasingly interconnected with finding a high-paying job and being successful in society, the price of a college degree continues to increase at an astonishing rate. Students continue to take out student loans in order to get their degree, culminating in a huge amount of debt by the time the student graduates, resulting in students choosing to pay off their student loans over purchasing non-essential items such as food and housing. After all, it is more important to have a college degree that one cannot get a job with rather than working at McDonalds and having a steady income. College is becoming so expensive that graduates will only have to pay off their student loans for the rest of their life, whether they find a job with their degree or not! However, the benefits of prodigious student loans cannot be understated and are too often ignored. A large amount of student loans allow graduates to manage their budget and help the economy. Student loans are beneficial to students and the economy alike that all financial aid and loan forgiveness programs should terminate. In this way, students may experience the full benefits …show more content…

After paying off the month’s student loan payments, there will not be enough money left over for excessive purchases, such as rent and credit card bills. A large amount of debt will allow recent graduates to develop their resourcefulness skills as they will have to find no-cost food, water, and housing. Paying off student loans will also allow college graduates to put the skills they learned in college to use and develop real-life application skills. For example, young adults may utilize statistics in order to collect data on how many graduates actually got full time jobs after graduation, zero, all while helping the

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