By Gemma Gleason, Omari Mccoy-King, Breonna Johnson, Mikie Weidman, and Alejandro Perez.
The economy has been unreliable. There are few jobs and too many applicants. Wages are stagnant. Gas prices are through the roof. Median family income declined between 2005 and 2014. Yet, the tuition at public colleges and universities increased 24% (in 2015 dollars) from 2005 to 2010 and 13% from 2011 to 2015. Tuition at private schools increased by 14% (in 2015 dollars) from 2005 to 2010 and by 11% from 2011 to 2015. In 2014, student debt passed the trillion dollar mark. There is no guarantee that a college degree will improve a student’s outlook. And yet, because not having a college diploma makes life so much harder, families are borrowing unprecedented amounts of money to pay for higher education. College may be life changing but so can staggering amounts of debt.
Now that we’ve set the scene, the question is: What’s the best way to end the student loan debt crisis? Although many people have solutions to this crisis, the ideas we are focusing on are:
- Artist Statement
- Plan ahead or don’t enroll
- Abolish tuition for public higher education
- Destroy the stigma that says if you don’t go to college you will fail at life
- Restructure Loan Repayment
- Annotated Works Cited