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Millions of American students and graduates are deeply concerned about the situation of student loan debt in the United States. The total amount of outstanding student loan debt exceeds $1.7 trillion as of September 2021, a considerable rise from prior years. The financial hardship caused by this debt burden has far-reaching effects, forcing graduates to work two jobs and stay at home with their parents in order to make ends meet. The economy may suffer as a result of graduates delaying substantial purchases of goods and services, even financial assets like stocks and real estate, due to their heavy debt loads. To address this dilemma and ensure that everyone has a more prosperous future, a number of alternatives, including loan forgiveness programmes and cheap education reforms, are being proposed. But right now, nothing works as well as student loans. Before going any further, please hit the like and subscribe button, to help the channel out. Now, let’s dive deep into why education is seen as such a necessity by the public. Subscribe: https://www.youtube.com/@visionomics2... Sources: / @cnbc • The Student Debt Dilemma | CBS Reports https://research.com/education/why-is... https://www.investopedia.com/financia... https://www.cnbc.com/2020/06/12/how-s... #economy #globalissues #education