Young people are prone to loans. A recent study has brought it under the spotlight that near about 75% independent students of $20,000 yearly income group, left college with an average debt of $19,130. What is the reason behind this?
Is the hike in tuition fee the only cause, or high interest loans are compelling them to enter the endless loop of debt.
In addition, college campuses are infested with credit card companies nowadays, with lucrative offers.