The Myth Of The Student Loan Crisis

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The amount of debt college students are acquiring through loans is higher than ever before. According to statistics given in the introduction, “[o]verall student debt now tops $1 trillion, making it the single largest source of consumer debt” (citation). This fact alone is enough to make young adults filled with potential second guess the decision to go to college. Although some students pay for college with grants, scholarships, and out-of-pocket money, most are left with the harsh reality of taking out loans.
In Allan and Thompson’s essay “The Myth of the Student Loan Crisis”, they discuss the topic of taking out loans in a positive way, arguing that “[c]ollege is such a good investment, in fact, that might even justify more student debt”
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