I'll be summarizing the following article http://web.ebscohost.com.proxy.library.ohiou.edu/ehost/detail?sid=0cc540da-cbe7-4f92-8bac-315e6fb91f2d%40sessionmgr111&vid=1&hid=108&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=a9h&AN=66834553 for my final essay which covers students using mass media and social networking to start "Occupy" movements in their own colleges.
The title of this article is very fitting and every single person reading this blog falls within its borders. Titled simply "I Owe U", this article covers the rising costs of student loans coupled with the falling amounts of work for students graduating with massive debt. It starts off explaining the situation of a young student named Amanda Vodola, who like many of us, is loaded down with student debt. She is with the majority in that she has finished her major in English but still is not able to find a job to help her pay her bills. Her 6 month grace period is coming to an end and she'll have to start paying her student loans back, all of which come up to $30,000.
The students of 2011 graduated with the title "Most Indebted Class" and yet the students of 2012 are already looking to over take it from them. The average loan has reached $27,300 and the total for the country is expected to pass over $1 trillion. A great comment the author, Kristina Dell, makes is that you can't walk away from these debts like General Motors did. The government won't be there to offer you a golden parachute or bail you out.
The next section covers what many believe to be the advertisement to college. That through getting a better education will lead to a better life. They don't realize that the cost of college has increased over 538% over the past 3 decades.
The scary part of this article is that even if you do graduate, you have amassed so much debt that your degree or even the school you went to might not be enough to get you the job you want or need. Included in the article are students who's debt peaks at over $160,000. Those students realized to late what they were getting themselves into.
