Tyler Merigliano
10 September 2014
Period 5 5http://money.cnn.com/2014/10/09/pf/college/student-debt-dropouts/index.html?iid=SF_E_River This article discusses how much debt college students aculeate and how they are responding. In a recent survey, nearly half of the people enrolled in college have claimed that they would consider dropping out because of the debt that they are accumulating. The same survey shows that half of the people who went to college said that they would have forgone going to college because of the debt that they have. There are over 40 million people in the US who have at least one outstanding student loan. The average loan is about 29,000 dollars. Nearly 55% of college students have never even talked to their parents about paying back student loans. However, most students won’t find a job without a degree. In this article, people choose is a principle that is relevant. People have to choose whether going to college and getting all of that debt is worth it. In addition, the sixth economic principle is seen here. People are choosing to go to college now, but will have to deal with the consequences of that debt in the future. Also, the second economic principle is seen here. These student’s choices do involve costs. Their choice to attend college is going to cost a lot of money in the long run. The people have to choose if this is worth it to them. I think that debt for college students is becoming a huge issue. Most people are attending college in