Student Loan Debt Is Not A Good Idea

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education we say is the key to success, it is said that you cannot put a price on a good education but unfortunately today’s education has a huge price. Education as turn out to be one of America’s biggest problems because most of the students today do not end up going for their pre-college desired career, reasons which can be mainly attached to financial needs. Most students apply for loans so as to meet their basic needs while they pursue their career, some do not even have enough and still have to work full time to meet their needs and that of their family. Despite all, institutions have turned education system into a business venture and the rate at which tuition increases has become so unbearable. As a student, I disagree with the author’s opinion in the essay Is Forgiving Student Loan Debt a Good Idea by Kayla Webley, she states that forgiving student loan debt is not a good idea. Student loan debt should be forgiven mainly because of its unbearable effect on individual lives, families and its affect effect on the society at large, giving every individual opportunity for a fresh start
First, and perhaps most important, unemployment is a big issue in our society today and it is the leading cause of loan repayment default. Many wish to pay their loans but cannot afford to, they have basic needs to meet in order to survive, got families to cater for and other ambitions that they cannot even meet. At the time while they wait or seek for jobs, their loans accumulates and reaches a point at which they would rather pay the interest and leave the principal while some cannot even afford to pay at all. So how do we blame these people for not paying loans? Every American in general works their asses off just to get a living. Having a l...

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...n be looked into, forgiven; there can always be a fresh start for everyone; precollege students, college students and graduates. Majority people suffering from the effect of the debt are not only fresh graduates or present college students who now have different plans for repayment, but those who have had their loans built up with huge interest over a long time due to unemployment, low paying jobs, worthless majors and default. All which falls back to affect economic stability.
So, perhaps the problem with this ongoing issue is not merely what happens to those who have paid their loans for years or its effects on tax payers, but giving hope and life back to those who are lost in debts, those who cannot afford to have a simple basic life, those who have lost their career dreams because of some accumulated loan they have to repay and for fear of loan repayment.

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