this post was submitted on 11 Aug 2023
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In the US the student loan debt crisis stems from tuition costs rising significantly over the last 50 years, faster than inflation and faster than wages. The reason tuition costs have skyrocketed at public colleges and universities is because the federal and state governments have been slowly reducing grants and funding of colleges and universities.
I have a friend who's trying to pay for college entirely out of pocket, and he's working 40 hours a week while going to school, gets free student housing as an RA and lives extremely frugally but still struggles to pay tuition
I can empathise with that that someone getting his degree has to work so much to get through.
Student Loan debt is corner stone issue.