Is College Worth the Cost?

How long will our nation’s massive student loan debt continue to increase? It is no more a hidden secret that our country operates on a ludicrous amount of debt, a staggering quantity of fiat dollars enough to provide every individual in the country a substantial $60,000 down-payment on a home mortgage/real estate property, with money still retained in the process. Presently, American citizens passively live day to day in a government system whose debt proportion progresses at a much faster rate than the entire economy as a whole. Prior to Trump’s presidency, the nation did not experience much economic growth, if any at all, for over a decade and a half’s past. The preceding economy under former President Barack Obama, as part and parcel of the heinous fiscal policies and education bills pushed through, suffered tremendously. Responding to the 2008 financial crisis, Obama argues that “it is the responsibility of every citizen to participate in” higher education because “this country needs and values the talents of every American” (“Joint Session”), yet the Obama era produced a continuation of retrogression in the domain of national debt and unemployment, much specifically, regarding the sector of higher education and student loan debt, coupled along with the inability to acquire work after graduation for many students(a fairly unpleasant thank you gift to the majority who spent valuable years acquiring debt to educate and prepare themselves for employment in an intended highly contracted job market). Debt in all its forms has vastly destabilized the economy and rendered it volatile, and because consumers are living on the edge daily, time after time many aren’t able to recover when an economic wave discharges nationwide, leaving them without hope and in pessimism. Nevertheless, it is also no secret that numerous American individuals have been highly irresponsible as well when matters boil down to being financially versed and inherently responsible. Moreover, to render effective any prospective efforts in trimming down such astounding student loan debt, perhaps national debt in its entirety, there needs to be a keen awareness and intricate knowledge of the various systems that contribute to the matter.