AJ+ recently released a video is targeted at depicting the face of student indebtednes in America.
It features nine diverse tales from people with degrees ranging from fine arts to law.
$1.2 trillion. That’s how much outstanding student loan indebtednes exists in the U.S.
It’s an incredible, scaring number that can sometimes be hard to even conceptualize. I entail, it’s larger than the economy of several small countries.
And over the past 10 years, it has more than tripled .
Which is why the video is so important it helps humanize the problem.
The video consisting of a short series of interviews illustrates student indebtednes as the burden it is feasible to , not only on short-term finances, but to its implementation of career objectives, personal relationships, and overall outlook on life.
A college degree is still seen as valuable, but justifying the amount spent these days can be a challenge.
In a recent Gallup poll, 93% of people polled said they believe it’s necessary to have a college degree in order to land a good job. Still, in recent years, experts have clashed on the question of whether college is still worth the investment .
People are protesting and pushing back on loans, but that’s not exactly a new phenomenon.
The cost of college keeps rising, and borrowers find themselves without much leveraging. As long as popular belief tells us that college is necessary to get a decent task, prospective students will more or less be strong-armed into taking out that hefty burden of credit.
So what can they do? They can try to get the government to help out. And so they protest.
While the government has gets involved from time to hour, their own problems hasn’t precisely gone away.
In 2010, President Obama pushed for Congress to pass the Health Care and Education Reconciliation Act, which made a few tweaks to the recently-passed Affordable Care Act and helped attain things a little easier for future student borrowers in terms of Pell Grants and setting a cap on refund requirements.
“Let’s tell another one million students that when they alumnu, they will be required to pay only 10 percentage of their income on student loans, and all of their indebtednes will be forgiven after 20 years, ” Obama said in a 2010 speech. “And forgiven after 10 years if they opt a career in public service because in the United States of America, no one should go broke because they chose to go to college . ”
Last year, the president signed a memoranda designed to help another 5 million existing borrowers.
There may be a solution. But until we figure it out, telling our narratives is one style to make a big difference.
Like Sam, who is $81,000 in debt, at one point lived out of his car, and wasn’t even able to complete his degree. Or Derrick, who isn’t able to find a job in his field, but find himself saddled with around $180,000 in loans that he guesses won’t be paid off for decades.
These tales are evidence of the true burden that student loans can have on so many of us. They’re also evidence that telling your tale might be one of the best ways to create change.
Read more: www.upworthy.com