This article discusses concerns that 40% of students who borrow money from the government for student loans are not making payments. Factors behind this increase in the inability to make payments are the rising costs of higher education. The cost of education has been rising more than the rates of inflation. This article says this is particularly troublesome for those who are entering weak job markets. Some say that a bail out might be near, however the Obama administration is making efforts to offer income based repayment plans in an effort to help offset these rises in students who are unable to make payments on their loans. This could be a very big problem if 40% of students are not able to make payments on their student loans and could create lots of issues.
http://www.foxbusiness.com/features/2016/04/08/40-students-arent-paying-back-government.html
It is clear that something needs to be done about the huge student debt problem that our country has. A way to tackle this may be to start with the root of the problem: the significantly increasing costs of higher education. A possible solution to this is to give more money to public institutions in an effort to keep tuition from increasing at these colleges. This is obviously not an easy problem to fix, as if it were, something would have been done by now. However, this is an issue that the government needs to solve.
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