Why Do Some People Have 'Student Debt' But Others Don't?

Some students get more money from their parents, or they go to cheaper schools. Others take out more loans because the school is expensive or they need extra help paying for things like books and housing. This means some people end up with a lot of debt and others don’t.

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Examples

A student who goes to an expensive private school and doesn’t get a scholarship might end up with a lot of debt.
Another student from a wealthy family might not need any loans because their parents pay for everything.
A student at a cheaper public university might graduate with very little debt.

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Categories: Economics · student debt· education economics· financial literacy