Student debt

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.