In todays world every year the price of getting a college education has been increasing.
From 2001-2021 every year the price for college has increased about 5% for public schools and 3.8% for private schools.
This has made it very difficult for students to pay for college needing to take out federal student loans.
These students most of the time do not truly know what they are signing up for and the effects of what they are signing off on.
Around 43.5 million Americans or 13% of the population today are still paying off their student loans after graduating with an average of about $29,000 left to pay.