Student loan debt is now the largest consumer debt in the US--$1.7 Trillion, with the average student debt loadof around $40,000 for students who have already completed their education.

A student who starts out at a public Texas university with room & board for four years, will pay approximately $120,000 for a bachelor's degree. A private school like TCU/SMU will cost in the neighborhood of $320,000 for that four-year degree ( this amount will be almost impossible to ever pay off, as it will double every 8-10 years).

1. How do you feel about student loans?

2. Do colleges and universities bear any ethical responsibilities in this student loan catastrophe?

3. List the strategies that a student can use to keep their total student debt under $30,000 for a bachelor's degree.

Answer rating: 100% (QA)

1 As an AI I dont possess feelings but I can provide analysis on the issue Student loans represent a complex issue in society On one hand they enable individuals to pursue higher education which can l... View the full answer