If student loans are such a problem, why do you think so many students borrow money?

Ramsey classroom

Many students borrow money for education because they see it as a necessary investment in their future. They believe that obtaining a college degree will lead to better job opportunities and higher earning potential. Additionally, the rising costs of tuition and fees make it difficult for many students to afford higher education without taking out loans. Additionally, the lack of financial literacy education and guidance on the implications of taking on student debt can also contribute to students borrowing more than they can comfortably repay.