Nov 29 2022
News Comment #12
Student Debt and starting a business
America has the largest student debt amount in the world. This comes from tuition being high and people not being able to pay off their debt in time and having interest acrrue.
“Student debt is a new stratification system,” says Charlie Eaton. This means that people who have debt are at a disadvantage than those without it.
Ontop of that, Biden wants to pass legislation for debt forgiveness but has had a stuggle getting passed due to legal issues. This comes from concerns about how the money will just disappear, people who have already paid off their debt wanting refunds or extra help, and other concerns too.
I believe that the student debt is necessary for our economy. People just need to be taught better things that benefit their lives. We learn things that don’t impact us directly for our future. Not a lot of people really know what they want to do so they think the debt of college will help them figure this out.
I believe in self learning. The debt you take on needs to be looked at as an opportunity and you need to realize that you are spending all this money for something in return. Don’t waste the years away because of having fun. Instead, test out what you really want to do in life.
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