Moreover, the success of the PROSPER Act would prompt the end of the Public Service Loan Forgiveness program. This particular program absolves individuals of their debt if they work in certain fields which are deemed as significantly value to the general public.
Is College Truly Paramount to Achieving Economic Prosperity?
As student loan debt continues to ceaselessly enslave many Americans, some are questioning whether or not college is truly worthwhile or necessary. Granted, if a young person aspires to work as a doctor, lawyer, or engineer, the proper education and degrees are required. However, many young people who attend college are not aspiring to enter the aforementioned occupations.
Therefore, some Americans have noted alternatives to college. Such alternatives include trade school or the pursuit of work in the gig economy or freelance market.
The world of work is rapidly changing. Earlier reports from USA Herald affirm the mounting discount between employers and employees; moreover, the amount of self-employed individuals will presumably experience drastic surges by 2020. Even lawyers and soon-to-be lawyers are likely to face succession from artificial intelligence. Having skills to fall back on may prove to be beneficial; however, the college atmosphere may or may not be the best environment to hone said skills.
