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Towson Asks The White House

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Published on Apr 4, 2010

Question:

My name is Matt Sikorski and I am a 19 year old sophomore at Towson University. I come from a "middle class" family and do receive some support from my parents in paying for college; however, I am paying for about 80% of my tuition, fees, personal expenses, etc, through student loans. I can see other students in my situation who are struggling as their loans continue to build up and their financial aid continues to decline. My question is what do you have planned to help out the students who are building up so much debt that continuing their education seems to be costing them more than they will gain?

Explanation:
I chose this question because I feel that college students across the country can relate to it. Everyone is going through a crunch, and it is said that the best thing to do during a recession is to be in school. However, as loans continue to build up, and the amount/quality of financial aid declines, it seems as though these students will be paying back their bills for the next 20 -30 years. It becomes disheartening to hear student who have 20, 30 even $50,000 in debt by the time they graduate just their undergraduate portion of college. Is being in school now really better in the end than looking for a job? Does the current state of the economy really outweigh the amount of debt that a student will have for a giant portion of their life? These are all important questions that we as young Americans ask ourselves every day, and they deserve to be honestly answered.

Students want to know why trying to better yourself through higher education, to an extent, is more hurtful than it is beneficial. We need more types of student loan forgiveness programs that can be utilized in a variety of fields. If there are programs that students can go through after college that will help repay their debt, and that will reward them for getting an education, rather than punish them, then we will see a lot of young minds with potential take the jump to higher education, rather than going straight into the
working world.

This question pertains to the majority of students currently in college, and if answered, could help them figure out how to make the best of their student debt situation to make sure that they are in good shape coming out of school.

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