Some officials suggest college admission should not be free for students. The primary reason being financial limitations. The cost of paying for a large number of students to attend college is exceptionally high and will continue to …show more content…
The student loans debt altogether in America is at 1.2 trillion dollars (Friedman). This staggering amount is equivalent to five percent of the national debt. Not only did these college graduates experience challenges while going through college but also after graduating. Instead of saving for the down payment on a car or house, these new grads have to first worry about paying off their student loans and interest borrowed from the government. On average, it takes 21 years to fully pay off the average student loans debt. By implementing government funding of college tuition, the need to pay off student loans will be eliminated. This allows for increased economic spending power since they don’t have to worry about student loans. Graduates can use the money saved from loans to purchase consumer goods creating a higher GDP (Growth Domestic Product), ultimately benefiting our own