Student debt

Other Names:
Educational loan payment
Financing student loans

As the cost of education increases, so does the average student's need for educational loans. Financing student debt after graduation has for many become a greater burden than paying off a home mortgage. Particularly during a recession, when employment is scarce and wages are modest, graduated students may realize their inability to commence payment. Although loan deferment programmes may provide temporary relief for those unable to pay, student debt must eventually be financed. Unlike a house, education cannot be resold.

Related UN Sustainable Development Goals:
GOAL 4: Quality EducationGOAL 16: Peace and Justice Strong Institutions
Problem Type:
E: Emanations of other problems
Date of last update
04.10.2020 – 22:48 CEST