I listened to the students on campus in Plymouth, worried about their steadily deepening debts and how on earth they would ever escape them.
Sentiment: NEGATIVE
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.
Rising student-loan debt is an economic emergency.
The students realize that it's their life I'm talking about: it's out of balance, they're struggling to put it into balance. How are they going to do it?
We shouldn't be profiting from our students who are drowning in debt while giving a great deal to the banks. That's just wrong.
Without any formal personal finance instruction in our high school or college curricula, many college seniors who graduate in the red will continue to make common financial mistakes that only exacerbate their debt burdens.
College gives people learning and also takes away future opportunities by loading the next generation down with debt.
You might say those who can't repay their student debts shouldn't have borrowed in the first place. But they had no way of knowing just how bad the jobs market would become.
I love the most the students with troubled lives.
I have younger friends who are in this pinch where they feel they've been counted out before they've had a chance to prove themselves. They've inherited a lot of debt - not just student debt but environmental debt, political debt. They really feel squeezed.
Students graduating with high debt encounter difficulties in qualifying for home and automobile loans.
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