Highlighting American news
For the fifth year in a row student loan debt has increased, a report from the Project on Student Debt at The Institute for College Access and Success (TICAS) said.
I find this extremely distrubing for our nation’s students. The cost of tuition at Southern Miss is more than $6,000 for in-state students. Southern Miss happens to be one of the cheaper universities in the country. Universities like Auburn and Alabama have much higher tuition costs. Auburn exceeds $20,000 a semester.
It is difficult in this job market to not have a college education. More and more people are flowing through universities, getting degrees, but not being able to find a career because of the slim market.
I’ve been told the problem may be the amount of financial aid available. Advocates of less government spending claim that reducing the amount of pell grants and government loans students receive would lower the cost of tuition by the process of supply and demand. While I don’t have the stats to prove or deny the claim, I know I wouldn’t be able to go to college and pursue a dream without government financial assistance.
I have learned a lot in college and that experience is invaluable. However, the cost of student loans do have a value, and I will have to pay for it in the future. Luckily for me, I don’t have the burden that other students are facing.
I hope this pile of debt in our country can be fixed one day. There’s no evading it.