As the increasing cost of college has forced …show more content…
The students that do choose to go to school leave with a diploma and thousands of dollars in student loan debt that can affect them for many years. The student debt they incur hurts the economy by pushing students into massive debt they can’t afford to repay. In addition, as students restrict their spending in an attempt to be able to pay off their loans more easily, less economic activity occurs, negatively impacting the economy. Lydia O’Connor, an assistant editor and graduate from the University of Southern California, found that “a 2 percent increase in people with an associate’s degree and a 1 percent increase in people with a bachelor’s degree would result in… 174,000 new jobs” (O’Connor). The economy would greatly benefit from increased jobs because students would have more income, allowing them to make larger financial investments. This is largely caused by the high tuition level that force students to choose between working and furthering their