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Student Loan Crisis Research Paper
Debt, Education finance, Higher education





By sympathys
Jun 11, 2013
1348 Words
220 Views

PAGE 1 OF 5

�PAGE �
How to Make College More Affordable
Many of the protesters occupying Wall Street and other places say they are upset about the rising price of going to college.

There is little dispute today that the number of students who have debt has increased, and that the amount of money they have borrowed has gone up (Billitteri). Many students incur large amounts of debt that will never pay dividends in higher wages or

greater job satisfaction, and they graduate into a world with weak employment prospects. It's a betrayal of the American social contract that says if you work hard and invest in yourself through education, you'll be able to build a better life. The current system is badly in need of an overhaul, and this paper will present several ways to bring about this needed change.

The seriousness of the current situation has worsened during the last few decades. Since 1982, the average cost of college

tuition and fees has increased by 439 percent, while the typical family's income has increased by a mere 147 percent

(_Measuring_, 8). After adjustment for inflation, students are

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