Do Students Deserve a Bailout? - 0 views
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Krissy Woods on 11 Jun 09This article describes the movement many students and government officials would like to see take place - a financial bailout for students by means of forgiving student loans. The average student debt after attending a 4 year college or university is roughly $20,000, and many recent graduates are struggling to repay their loans after facing a difficult economy…many being forced to take unpaid internships or low paying full-time employment. The article further describes the government bailout made for the banking and automotive industry, and argues that forgiving the U.S. student loan debt would be much less of a financial commitment with much higher payoffs in terms of educated employment. 2 out of every 3 students need financial assistance to attend college, and the continually rising costs of tuition is crippling many students and their families.