College dropouts with significant debt struggle with repayment over the course of their lives and do not receive the benefits afforded to their peers who have debt but obtain higher-paying jobs as a result of college completion.
Sentiment: NEGATIVE
Students graduating with high debt encounter difficulties in qualifying for home and automobile loans.
Many students graduate from college and professional schools, including those of social work, nursing, medicine, teaching and law, with crushing debt burdens.
The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt.
By making college unaffordable and student loans unbearable, we risk deterring our best and brightest from pursuing higher education and securing a good-paying job.
Student loan debt is the reason I don't advise students who want to become entrepreneurs to apply to elite, expensive colleges. They can be as successful if they go to a relatively inexpensive public college.
There is lots of evidence that it is this fear of going into debt that most puts people from poorer backgrounds off going to university.
About two-thirds of bachelor's degree holders borrow to go to school, and on average they're graduating with more than $26,000 in debt.
While there have been news reports of recent college graduates living with their parents because they have been unable to find a job paying a salary sufficient to move out, their near and long-term career prospects remain far brighter than for those without a college degree.
High school dropouts are forfeiting their opportunity to pursue the American Dream.
College gives people learning and also takes away future opportunities by loading the next generation down with debt.