Original Article: https://www.npr.org/2019/02/25/696355143/come-work-for-us-well-help-pay-down-your-student-loans
Debt from student loans plagues many young Americans; the collective amount of student debt in the country has just about tripled in the last ten years, rising from .5 to 1.5 trillion. This is a stress that burdens much of the younger part of the workforce, and some employers want to do something about it. Certain workplaces offer plans for paying off student loans for employees; the company will pay a certain amount to reduce the debt depending on how long the indebted work for them. This is obviously very appealing to any young, college educated American, but it offers benefits for the company, too. They’re guaranteeing themselves more employee loyalty.
This may sound great, but sadly, only 4% if jobs currently offer plans like this. If this idea spreads, there is a possibility that it could reduce the student debt issue, but it’s more of a bandaid than a solution. After WWI, certain companies, such as Ford’s, began to be more generous to its employees, which prevented them from seeing a need to unionize. Though this created a seeming peace, it clearly did not fix the system of the few profiting from the many, as that still dictates the American economy today.
The bottom line is, college is too expensive if it is to be a necessary step in becoming successful (or middle class) in America. Its high pricing is extremely classist and just not sustainable.
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