Dark Side of Accessible Higher Education: The Student Debt Crisis

The federal government's student loan program, which aimed to make higher education more accessible, has had unintended consequences. The program provided easy access to loans, leading to a rapid increase in tuition fees and student debt. The inability to discharge student loan debt through bankruptcy also put immense financial strain on many individuals, particularly those who were unable to find jobs in their field or faced financial hardship. The government's well-intentioned efforts to increase access to higher education have therefore resulted in a growing student debt crisis and a disproportionate burden on certain segments of the population.