Economic Stability and Students Loans Don't Make for a Very Good Mix

Student loans, student debt and even education after high school has become a scornful jumble of words that can make any high school student twitch ever so slightly. Student debt has risen to national concern for some while now but with recent compressions and findings people are just realizing how unfair the prices vary from location to location or even at the same institute. Students from the east and Midwest are borrowing far more that those in the west and south, you would think that from receiving many similar teachings no matter the school there would be no change in cost, it would be understandable I it was a sort of change in supply in what is being offered and taught. Now this varying price sticker from school to school although can be high is not by any means the college’s fault in of in itself but rather the lack of knowledge presents to people about how to finance an education and how much it varies from school to school.

The Institute for College Access and Success estimated that of the students who earned bachelor’s degrees in the United States in 2011-12, 71 percent had student loans and the average borrower had $29,400 in debt compared with 68 percent and $23,450 four years earlier. Of course the state is making money off of the high end state run schools and benefited from those by another title but has the change in cost really amplified to the degree where the costs of debts need to skyrocket to that altitude of impossibility and stress for students.  When we are presented with colleges that have upwards to 80 or 90 percent of their students with a student debt, one of the highest for two colleges Anna Maria College and Wheelock College, both private and in Massachusetts also a part of a college cost survey, being $49,000 is just baffling to me. 

State-wise, graduates of colleges in Arizona, California, Louisiana, Nevada, Utah and Wyoming were among the least likely to have student debt, and those who did borrowed relatively little so it’s good to know where I can pack my bags and head off to an after high school education experience without being overwhelmed by debts and loans. When you are presented with different costs in comparison to one another such as  in New Mexico with the lowest average debt per borrower being $18,000 and places like New Hampshire , Pennsylvania, Rhode Island, Maine, Minnesota and Ohio having their highest debt loans around $34,000 it’s no wonder why students might be moving out of state to schools they can afford in turn affecting the in state economic stability, social security and Medicare stability by not attending their state based schools.