The moral dimensions of the student loan crisis
The average price of a college education is $140,000.
Very few people have the resources to cover that cost, so they must turn to student loans to make attending college possible. Often with caution thrown to the wind, 70 percent of college students take out student loans.
In fact, roughly 45,000,000 Americans owe a staggering $1.6 trillion, which has resulted in a national and personal financial crisis of significant proportions. Many students incur huge debt, hoping that it all will turn out well.