Introduction
Did you know that the average student loan debt today is reaching $30,000? As of 2013, about seventy percent of graduates left college with a debt of at least $28,400(ticas.org). This means that out of every ten seniors, seven of them are leaving college with this amount of debt and it also projects that anyone can end up with this amount of college loan debt . The average student debt for the class of 1993 used to be $9,400, compared to the debt today, that is more than double of what the debt used to be. This is an enormous problem and is important for our youth to take this into consideration and pay attention to it. I have done research on this topic and heard of people with hefty amounts of student loan debt. Teachers I know who have been teaching for a very long time are still paying off their college debt.
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For example, we could make some sort of program that gives students more of an opportunity to get more scholarships and grants. Another way this problem could be soluble is by composing a program that makes college free or reduced. This will help students that graduate college live a student loan debt free life. For example, if I graduated college with student loan debt, a plan for more affordable or free college would help free me of the vast amount of student loans. Many other countries use this type of program too and are successful with it. First, people need to know that this is a serious problem and communicate that through social media or by creating television commercials. Second, we would need to get support from many people, businesses, and corporations to acknowledge the problem and show that the people want something done about the problem. Third, we would need to get the President to put this plan in action and get it approved by Congress. Fourth, we should put the plan in place and start it off, which the cost could be just over $60 billion