We leave September with one more video about student loan debt. Last week we featured a four minute clip of student debtors being interviewed. Each person had a different college major and loan amount. We wanted to show the variety of people who are affected by this serious problem. Today’s clip is also an interview, but with just one person. It’s brief, but it gets at what makes the student loan problem a major issue.
No matter what you decide to study, be it english, math, science or any other subject, you’re likely to face the type of monthly loan payment only homeowners usually face. It’s financially crippling millions, and solutions need to be found before an entire generation is condemned to a lifetime of debt.
The person being interviewed in the clip you’re about to see is studying to be a veterinarian. When you hear her story, and her story is not unique, we think you’ll be appalled, and a little infuriated at what’s happening to our college students across the country. The rising cost of tuition far outpaces the rate of inflation in this country, and most of that extra money goes to administrative costs, not to investing in a better learning experience. We think that is, in the words of Benjamin Franklin,“total bullshit.”