Why Some People Get In Student Loan Debt

why-some-people-get-in-studentloan-debtStudent loan debt is at an all-time high. According to the Wall Street Journal, the average 2015 has over $35,000 in student loan debt. That’s a crazy high number. The messed up thing is that number will probably continue to increase. There are many reasons why that amount is that high. Some students take out loans just to receive the refund. They figure that they will be able to pay them off once they graduate from college easily. Then other students simply have to. Today’s post discusses reasons why they do.

One reason that some students get into student loan debt is because they are from the hood. Many high school seniors want a better life for themselves. College is the way out. I didn’t grow up in the best part of Atlanta. Don’t get me wrong, I love where I’m from, and I learned a lot about life, but when it was time for me to go to college, I was ready to get the hell out of Atlanta. I know other people who were the same way. The hood has a way of keeping you stagnant if you let it. People realize that it’s more to life, so they take those loans out. Because of those loans, students can leave the hood and change their lives for the better. They can get good jobs and then give back to the same hood they grew up in.

Another reason that people take out student loans is to escape a situation that they may not like. Everyone doesn’t have the best home life. Their parents could be abusive towards them or each other. College allows them to get away from that situation. Without student loans, some of those students would be stuck.  Getting away from certain situations will help you for the better. Your life might even depend on it.

The final reason why some students get in large student loan debt is because they are looking for a better way. A person could have a perfect family life and live in a decent area, but they may find out that the job market is horrible there. For them, college may open doors for them that they never imagined. If they don’t have the money to go, those loans will have to be used.

I know that many of us have already graduated from college and we are in student loan debt. It’s too late for us, but we may have younger siblings or cousins that will be starting college soon.  How can we help them not get in student loan debt?

I think students that are interested in going to college should start learning about scholarships in the ninth grade. They should research the different types that are out there, work on their writing (some scholarships require an essay), and earn good grades. If this is done correctly, by the 11th grade, they will be able to apply for multiple scholarships and hopefully, win some.

As you see, some people get into student loan debt for legit reasons. It sucks, but sometimes you have to do what you have to do for a better life. Applying for scholarships before you go to college will help you out.




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  1. Love this! You hit on some very valid points. Can’t wait to interview you for my debt series 🙂 I definitely went to college so I could better myself and improve my situation. Loans seemed like the only way since my parents didn’t save up anything for me and I felt like I wasn’t going to get anywhere without a degree and the experience.
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