Student Debt Simulation

Davenport University Student Created "Student Debt Simulation"

Higher education is increasingly considered a necessity, and today’s young people are often encouraged to borrow to cover the costs. With approximately $1.4 trillion of outstanding debt, student loans are now the second-largest category of household debt in the U.S.

As tuition and fees continue to increase at both public and private institutions, students’ debt loads are rising along with them. Over the past 20 years, college costs have grown at over three times the rate of inflation. The result: 70% of college graduates have student debt, with the average borrower owing more than $37,000 at graduation. This is according to the New York Times.Do You Feel the Burden? 

With the cost of living going up and the pressure to succeed rising even faster, the burden might be too much to bear. As a college student outside of just tuition costs, you have so many other expenses. You have transportation expenses, medical expenses, phone bills, food costs, and so much more.

1 in 11 deaths by suicide among young professionals was at least partly due to student loans. Your Student Debt is a heavy burden.

Do you feel the burden? Even if you are graduating college with next to no debt, there are people walking down the halls at Davenport, students in your classes, and your teammates and friends who are facing this pain and could be for the rest of their lives.