Answer to Question #207807 in Economics for Jen

Question

According to multiple sources, "Americans owe over $1.4 trillion in student loan debt...that's about $620 billion more than the total U.S. credit card debt...the average class of 2016 graduate has $37,172 in student loan debt" (SLH). What potential problems does this pose? What, if anything, should be done about this and by whom?

2) What motivated you to go to college and do you think that it will be worth the investment?

3) What should Americans consider before applying to college?

Answer 1

2) What prompted you to go to college and what do you think is worth investing in it?

I was prompted to go to college because I had previously gained work experience without special knowledge, and I understand that the level of remuneration for unskilled labor is still low, I can achieve much better results. I think this is a profitable investment in my future.

3) What Should Americans Consider Before Going to College?

First of all, you need to be very careful about your abilities and consent to perceive new things and, over time, produce new products of the intellectual direction yourself.