Problem
Student debt
Other Names:
Educational loan paymentFinancing student loans
Nature:
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.
Broader Problems:
Personal debtInequality of access to education within countries Related Problems:
Unproven ability to payProhibitive cost of educationGraduate and post-graduate unemployment Subject(s):
Commerce → CreditCommerce → Currency
Commerce → Finance
Education → Education
Education → Students
Related UN Sustainable Development Goals:
Problem Type:
E: Emanations of other problems Date of last update
13.08.2019 – 16:53 CEST