As of 2022 the national student debt reached $1.6 trillion with the average student loan debt at about $28,000. Many former college students are discovering it is difficult to pay back such a large amount of debt. This is especially true of students that graduate with fruitless degrees like sociology, for example. These majors are only good as prerequisites to a master’s degree. Most graduates find themselves working jobs that are completely unrelated to their studies.
For the graduates with useful degrees such as engineering or nursing, large amounts of student loan debt will still be a burden. For some universities the student loan default rates are as a high as 30–40 percent. The debate about whether the government should intervene in the student debt crisis is

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