The Importance Of College Tuition In The US

One of the biggest social issues that Americans(specifically young Americans) face today is the extraordinary cost of college tuition. More students today than ever before have needed to take out loans to be able to afford a college education. Students graduating in 2015 have the most debt out of any graduating class to date, the average debt is a little over $35,000, the average 11 years ago in 2004 was around $18,650. The amount of debt for graduates and their parents in 2015 will total in at about $68 billion dollars, The total student debt in the United States is 1.2 trillion dollars, which is an exponential increase from $260 billion in 2004. $3,000 more is added every minute, these loans are so big that a large number of these student have a lot of trouble paying them back, nearly one-third of these loans are at least 1 month late, around 31.5%. …show more content…
More and more Americans will go their entire lives paying back these student loans, there is 2.1 million Americans over the age of 60 that are still in debt from their student loans. This affects their entire life, it affects when they buy a home, when they buy a car, when they get married and when they will have children. This trend of insane growth in the cost of college tuition needs to stop. The United States has to follow other developed nations in making a college education affordable to the average American. In countries such as France, Germany and Norway, college is free, and the cost is absorbed by the taxpayers. This is the direction that America needs to go with the way it approaches a college education, because putting young people in lifelong debt because they want an education is