Middle Class Student Debt Issue

by Wade Dickey

Students going to college are being bombarded with debt after they graduate. But it is the middle class people that are truly taking the hit. An article by NBC News says that it isn’t the low-income class students that are coming out with the most debt after college because they are eligible for grants, scholarships, and financial aid. And the higher class can most of the time pay for their children to go to school out of pocket. So that middle class stuck between them are the ones that don’t have enough money to pay out of pocket, and are not eligible for grants and financial aid like the lower class. So what can they do? The answer is that they are forced to pull out student loans if they want to go to college.

The article states, “Seven out of 10 college seniors who graduated in 2012 had student loan debt, averaging $29,400 per borrower, according to a separate study by the Institute for College Access & Success, up from $26,600 in 2011” (nbcnews.com). Student debt is not just going away, this is a problem that is increasingly becoming an issue for students and specifically middle class citizens. So something needs to be done to help these kids graduate with less debt in the state and federal government.

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