Today more and more people pay for college or higher education courses by borrowing money from the government.

Today more and more people pay for college or higher education courses by borrowing money from the government. Student loans have become a staple for those wishing to further develop their knowledge after high school. Colleges are increasing their tuition fee and it's making students rely on loans "As state spending on college dropped, the price of public colleges increased, driving more low-income students into the arms of for-profits." (Thompson). The increase in the amount of student's debt has led to a debate on whether or not a crisis is developing. While some people believe that student loans have opportunity costs, others think that there are benefits to student loans.