Limitations Due to Student Debt

Student debt limits graduates options for their future.

Education After High School Is Necessary But Can Often Disappoint

In today's job market having at a minimum a bachelors degree is essential to get a job that will be able to support you as well as a family. However, with the increasing prices of in-state and non-resident tuitions paying for a four year university can be very difficult. In-state tuition can range from $5,000 to $13,000 per year, and out-of-state can cost up to $53,000 per year. That is an outrageous amount of money to expect a fresh graduate to be able to pay back. Increasing the tuition prices ultimately results in increased student debt. Making college seem like a dream that can never come true.
Big image

Impacts of Debt

Student debt can be quite a hassle. Basic needs are cut off because you need to make a payment. Houses, cars, vacations, presents and other things become something you never think you will ever have. Spending money becomes scary and risky because of all the money you owe.

Areas of Impact

Big image


73% of college graduates have to put off saving for retirement, one of life's biggest investments.
Big image

Starting Your Own Business

47% of bachelor degree owners say that student debt prohibits them from starting their own businesses straight out of school.
Big image

Picking A Career

30% of graduates say that debt was a considerable/deciding factor is their career choice.

Student Debt Starts Graduates Out With Less Than No Money, Setting Them Up For Failure

Student Debt Starts Graduates Out With Less Than No Money, Setting Them Up For Failure

Loan payments can take money away from groceries, retirement funds, or even life savings accounts. Some students have virtually no money left in their retirement funds after paying off all of their loans.

"Student debt weighs on every decision I make, from food shopping, to where I choose to live, to how I spend my free time, to what clothes I wear, and ultimately what career I choose." -ASA survey respondent 2013