You've been told your whole life that college is one of the biggest investments of your lifetime. The decisions you make today will affect you for the rest of your life, whether you decide to go or not. Most people take out student loans in order to attend the college of their choice and don't realize that they have to start paying it back as soon as they graduate. In reality the national student loan debt is at $1.5 trillion dollars which means there's a lot of graduates who don't have good paying jobs that can actually pay back these loans. Back in the day one would be able to pay for college with a summer job. It is almost impossible to make student debt disappear even if you go bankrupt. Student debt is a different type of debt that can pass on to others and if you miss nine payments after graduation the federal government can confiscate wages, tax refunds, and even social security checks until the loan is repaid.
My project idea for this semester is to talk about the issue of college tuition and student loans. I plan on proposing evidence by doing interviews on several different people and their experiences past, present, and future. By this I mean I will interview people who couldn't go to their dream college because of financial reasons, present people who are currently taking out thousands of dollars in loans, and finally I will interview a couple of graduates with student loan debts. The reason I chose this topic because it currently affects a lot of people. I plan on also doing different types of graphs and charts showing the statistics of loan debts and how many people can actually pay it off after graduating. Are huge loans really worth it after graduating? Who benefits from this? Is college an investment or business? Why does the U.S. spend more money on the army instead of our educational system. These are some of the few questions that I plan on targeting.
One advocate for free education that I chose to do research on is Bernie Sanders.
*Germany eliminated tuition because they believed that charging students $1,300 per year was discouraging Germans from going to college. Chile will do the same. Finland, Norway, Sweden and many other countries around the world also offer free college to all of their citizens. If other countries can take this action, so can the United States of America.*
*Over the next decade, it has been estimated that the federal government will make a profit of over $110 billion on student loan programs. This is morally wrong and it is bad economics. *
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