As seniors approach the end of the school year and prepare for college, acceptance letters have started to come
in and the idea of college is becoming a reality. College may seem like fresh freedom as teens
become independent adults that are no longer attached to their parents. But the heavy financial
burden that comes with an education and said freedom is often not considered. The average loan
debt borrowed for a four-year bachelor’s degree was $30,500 in 2019-2020, which takes students
anywhere from five to twenty years to re-pay. From these facts the question arises whether
college is worth the financial burden and overload?
The amount of acquired student debt is completely unrealistic when compared to the cost of
living, for the average college graduate, which can range anywhere from $2,500 to $3,500 a
month, which equates to at least $30,000 a year. This is absurd when in contrast to the yearly
salary of the average bachelor holder which is $50,000. This leaves a very small amount of
money to go into debt.
Overall college debt is completely impractical and a terrible way to start out an independent
lifestyle. In my opinion college debt is not worth it and should be one of the major priorities of
the government.