Student debt has become one of the hot topics for 2020 presidential candidates, but for the people affected it is more than a campaign strategy.
Tuition fees have risen roughly three times the rate of inflation between the years of 2007 and 2018, according to a College Board survey. Averaging $34,000 per person, borrowers currently owe above $1.5 trillion in student loans.
Below is a list of tweets from people sharing their stories of how the U.S. student debt crisis has impacted their lives since graduation.
— Tim Wong (@timmWongg) June 6, 2019
When I was 17 I went to get a Limp Bizkit tattoo and when they wouldn’t let me because I didn’t have a guardian’s approval, I cried and punched a lamp post. 3 months later I was allowed to take on $119,000 in loans to go to art school.
— Bill Dixon (@BillDixonish) July 8, 2018
“Telling me I need #college in order to get a well-paying job, only to find out 10 years after graduating that I’ll need three well-paying jobs just to pay back the #studentloan? That seems pretty predatory.” @OGpenn @KQED https://t.co/9hKPL4e3Zq
— StudentDebtCrisis (@DebtCrisisOrg) June 10, 2019
Wall Street: HELP HELP WE’RE GOING TO DIE WE NEED MONEY
Government: Ok, here’s 700 billion
Students with loans: HELP HELP WE’RE GOING TO DIE WE NEED MONEY
Government: *laughs in capitalism*
— The Stranger Scholar (@zechareyah) June 13, 2019
If my #studentloans were cancelled I could:
I don’t regret going to college, but I don’t think I made an informed decision. How could a poor, first gen college student do that at 18 years old?
$50,000 is a prison.
— Shaylamee (@Shaleemae) April 22, 2019
Since graduating, I’ve paid off more than $110K in #StudentLoans & interest. It has slowed down my ability to chase dreams, accrue wealth, plan for retirement, and provide for my son.
It’s still not a slap in the face to cancel student loan debt. It’s the right thing to do.
— Steve Bramucci (@stevebram) April 22, 2019
I graduated undergrad with $38,200 in loans.
To date I’ve paid $20,763.
My balance is: $37,615.
Dear Media: Tell me again how I can’t afford a house because of an avocado toast trend instead of saying how #StudentLoans are a fucking trap that keeps ppl in debt.
— Idalin Bobé – 👩🏽💻✊🏽🇵🇷🇨🇺 (@IdalinBobe) April 22, 2018
I have officially paid off my #studentloans! So that only took 22 years. Now what? I feel like this means I should go back to school.
— SFWP (@SFWP) July 2, 2018
“Young adults are being forced to rely on help from parents to survive due to overwhelming student loan debt and cripplingly low wages” there, fixed your headline https://t.co/ZWHeC3KbrE
— Wintour is coming (@RosatiBiscotti) April 25, 2019
I graduated from law school 6 years ago with $250,000 of student loan debt. But after years of hard work and tens of thousands of dollars of payments, I can officially say that I now owe $315,000.
— Matt Lane (@MattLaneWrites) September 18, 2018
At the age 18 they will let you commit to $200,000 in student loans but won’t give you a $20,000 Business loan…. Think about that!
— Nathan Allen Pirtle (@workwthecoach) June 6, 2019
– Fighting wars in the Middle East for 18+ years
– Came of age during the worst financial crisis since Great Depression
– Student debt up to our eyeballs
– Health insurance that doesn’t cover shit
And all we get for our troubles is everyone mad at us about avocados
— Ally Maynard (@missmayn) June 6, 2019
I graduated with a masters of Architecture in 2011 with $65k in student debt. I have paid $48k, but still have $50k of debt left.
This country needs Architects, doctors, lawyers and engineers, but we are punished for success. Our education system is broke. #StudentDebtCrisis
— Architects for Pete (@architects4pete) April 25, 2019
Since 1987 when adjusting for inflation, the % increase in:
➡️ Tuition costs at public universities : 183%
➡️ Tuition costs at private universities: 142%
➡️ Minimum wage: 20%
➡️ Early career salaries: 3%
This is student debt crisis in a nutshell.
— Ro Khanna (@RoKhanna) June 2, 2019
Want to know just how big our #studentdebtcrisis is?
US college grads have $1.56 TRILLION in student debt. The GDP of Australia is $1.4 trillion.
It’s F’ing massive. Our young people deserve better from us — they deserve free college.
— Abdul El-Sayed (@AbdulElSayed) May 11, 2019
How do you feel about this situation? Let us know in the comments below.
Source: Bored Panda