Dear Future President,
First of all I would like to start out with on congratulating you on winning. In this letter I would like to address a single issue that I feel is an issue in United States. My issue is that I think college should either be affordable or have assistance from the government.
College is a far ways away for most students, but for others it”s a matter of months before it starts. We want everyone to go to college but it”s very expensive options for most people. “ In 2016, Americans owe nearly $1.3 trillion in student loan debt “. An average student has a debt of 28,000 to 37,000 just in debt. Americans are in debt which can make them worry about being able to pay of the debt and trying to juggle college at the same time, which is a huge responsibility. An average will be juggling college and a job at the same time. Without any sort of a degree a student will make on average 18 - 20k a year. Your college debt is more then you are making a year and students won’t be able to pay that off if they can’t find a job.
In 2012, 71 percent of students graduating from four-year colleges had student loan debt: Represents 1.3 million students graduating with debt, increase from 1.1 million in 2008. 66 percent of graduates from public colleges had loans (average debt of $25,550). Seven in 10 seniors (69%) who graduated from public and nonprofit colleges in 2014 had student loan debt, with an average of $28,950 per borrower. Over the last decade—from 2004 to 2014—the share of graduates with debt rose modestly (from 65% to 69%) while average debt at graduation rose at more than twice the rate of inflation.
There were around 37 million student loan borrowers with outstanding student loans in 2013. According to the Federal Reserve Bank of New York, outstanding student loan debt in the United States lies between $902 Billion and $1 Trillion with around $864 Billion in Federal student loan debt. An average college student in 2015 had a student loan debt of 35,000.
Sincerely, Justin F.