FINANCE PERS & PROF. Accounting, Finance, SPSS Essay

The Student Debt Problem
Institution
Student’s Name
Date
The Student Debt Problem
Justin Rice is a Senior Associate Director in the Career Development office at the University of Michigan. He is a speaker and an excellent career coach who focuses on ensuring that he comes up with strategies that help students in personal, career, and long-term success. Rice aims at empowering students to reach their full potential. Student loans are increasing annually, with the current statistics showing 44 million borrowers taking an excess of 1.5 trillion (Evans, 2020). About half of these learners are not repaying their debts. Interestingly, only 39 percent of the students are aware of the burden of their education loans, while the remaining 60 percent regret making a choice to borrow the loans. According to the speech by Evans (2020), student loans are part of federal and private loans. The federal loans fall into four ...