Thousands of students take on huge amounts of student debt every year in federal and private loans. They believe that, in the end, it’ll be worth it. Once they get that coveted college degree, the money will start rolling in.
While this may be true for some, most students don’t get high-paying jobs straight out of college. Some may never have a financially profitable career. Yet everyone must repay student loans. Student debt has become a major burden for young people, especially if they come from low-income families. For this reason, many poor students never graduate.