The media frequently reports on students with over $100,000 in student debt as symptomatic of a "student loan crisis." Using the data above, make an alternative argument as to who is really feeling the stress of their student loans.

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Business

Rhett Davies

26 June, 05:53

The media frequently reports on students with over $100,000 in student debt as symptomatic of a "student loan crisis." Using the data above, make an alternative argument as to who is really feeling the stress of their student loans.

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Alejandro Lam · Answer 1

The student loans that are over 100000$ are usually stretched over a long period putting the brunt on the banking system.

Explanation:

The baking system invests the money that it loans out and the bigger the loan is the harder it is to get it back, which is why the banks look at the possible or handy assets of a person before loaning the money to them.

This is not the case in student loans as there is no way to ascertain how much a student will earn.

Many of these loans are being paid off in a matter of decades which justifies the interest rates drawn by the market.

The easier solution to this is making education public instead and removing the hefty fees in the institutions.