This is debt many will carry for the rest of their lives, because student loans are the ONLY debt that cannot be escaped through personal bankruptcy.
Student loans are the new slavery.
The prospect of outrageous debt dissuades many who would like to benefit from further or continuing education.
The real problem is there is no guarantee of return on your educational pursuits and if life gets in the way, preventing you from degree completion, you have mammoth debt with nothing to show for it.
I've known several in that position. I was glad to write that final check paying off my loans.
“Student loans are the new slavery.”
Sadly, the vast majority will be good decent kids looking to make something of themselves will be middle class Americans, and white.
The rest get a free ride on the taxpayer and they won’t have this “debt”.
Slavery, indeed.
Debt slavery is NOT capitalism, it is EVIL.