Student Loan Debt

1. 2008 Economic Reccession

1.1. families & commnities still haven't recovered

1.2. People tried to deal with their $$ by themselves

2. Students failing to pay

2.1. Increases costs

2.2. affects businesses & other students

3. Unsebstidezed Loans

3.1. Intrests starts as soon as the loan is accepted

3.2. If a student defualts on a loan government can garnish 15% of disposable pay without a court order

4. Increase Cost/Tution

4.1. Students have to take out more loans & money to pay for school

4.2. Government programs weren't prepared for the rise in education costs, causing the grant programs to shift to subsidized loans