Millennials Are Drowning In a Sea of Student Debt

Millennials Are Drowning In a Sea of Student Debt

The constant student loan debt is making it hard for millennials to stay afloat in today's world
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I am a Sophomore in college and as of right now I am $23,653.49 in debt. The average college student in 2016 will graduate with a debt of $37,172 according to Student Loan Hero. This number has gone up by 6% in the last year.

Now it is believed that with a degree it will be easier to find a job, which in turn means it will be easier to pay off student loans. According to Credible, a recent grad should put 10-20% of their paycheck towards student loans. The average student loan monthly payment is $351 and the average salary for a recent grad in 2016 is $50,556. But most recent college grads will end up working a job where their salary is $10 an hour, meaning that they will earn a yearly salary of $20,800 a year.

To a lot of Millennials, it seems easy enough to pay off loans as long as you find a job. But for the average college grad, it takes 3 to 9 months to find a job. The average college grad then has to calculate in apartment or home payments, paying for groceries and insurance and then any other payments that may need to be made, such as credit card debt. The average rent in New York City is $2000 a month, so $24,000 a year. The average car insurance is $815, according to The Simple Dollar. The average health insurance is $286 per month, and the average grocery bill for one is $294.80 a month.

With all these payments, it is not a surprise that it normally takes the average grad with a bachelor's degree over 21 years to pay off their student loans. Even though most student loan repayment plans say a borrower should be able to pay off their student loans in ten years, the numbers show that it takes over 21 years to pay off student debt.

Forty years ago, according to National Center for Educational Statistics, tuition, room and board at a four-year institute was $2,577. In 2016 at SUNY Potsdam, tuition, room and board is a total $18,725 a year. In forty years, the cost of college has skyrocketed, causing more student loans to be taken out. I personally took out two Sallie Mae loans freshman year-- one per semester. I then took out two unsubsidized loans to pay for the rest of my bill each semester. Now that I am in my third semester, I have taken out a total of three Sallie Mae loans and I took out another unsubsidized and a subsidized loan.

Millennials get a lot of attention in the media for our different outlooks on things and our "inability" to own a home and get useful degrees. Millennials are also known for supposedly being "lazy". This idea of us being lazy is caused by the fact that we cannot afford to pay for anything, which is caused by the increase in the need for student loans and how long it takes for us to find a job and then pay off the loans.

I believe that in order to fix this, jobs need to be more accessible to recent grads and the loan companies need to be more willing to help the students who are trying to pay off their loans. Asking for colleges to decrease the tuition, room, and board may cause some colleges to have to cut back on their programs and faculty which will not benefit either the student or the job market. However, I believe that more companies and businesses need to be more opened to hiring recent grads rather than telling them to get more experience and then come back for the job. Student loan companies also need to be more understanding of all the other payments that have to be made as well as the monthly payment to the loan companies.

Millennials are drowning and no matter how many life preservers you throw in, the constant weight from the student loans will cause them to continue to keep drowning. The only way to really assure that they stay afloat is to help decrease the student loan debt that is plaguing all college students and recent grads.

Cover Image Credit: Pitt Business Review

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6 Tips On Eating Healthy At The Dining Hall

It's not as hard as it seems.
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I'm pretty sure every dining hall on every college campus serves pizza every hour of every day. As soon as you walk through the doors, the smell of pizza smacks you in the face. But somewhere behind all of the pizza and macaroni and cheese, there are some hidden healthy options. It's extremely hard to eat healthy in college, especially if you are still on a meal plan.

1. Take Advantage Of The Ice Machine

If your dorm looks anything like mine, the water from the water fountains is warm and there is not an ice maker to be found. Bring a water bottle with you every time you go to the dining hall to refill it with lots of ice and water!

2. Check The Vegan Section

This might not sound appetizing to many since the word "vegan" is enough to make people turn the other way. However, you may be surprised with what this section has to offer!

3. Skip The Dessert

It is always so tempting to grab a cupcake or cookie as you're walking past the dessert section but I promise you'll feel better if you don't! Grab an apple or banana on your way out instead. This might not sound appetizing at the moment but your body will thank you.

4. Load Up On Veggies!

I would recommend getting a salad every time you go to the dining hall! No matter what you get for your entree, pairing it with a fresh salad is never a bad idea. Take advantage of the raw veggies and try to make them a part of your meal every chance you get!

5. Try The Breakfast

Whether you're going to the dining hall the morning after going out with your friends or you're trying to grab a bite before your 10 a.m., always try to start your day as healthy as you can. The eggs might not always look appetizing but try making a special request for egg whites or however you would like your eggs and they will be made fresh for you!

6. Don't Get Sucked In By The Fountain Drink Machine

This goes back to number one. Always, always, always drink water when you go to the dining hall! It is extremely tempting to drink some pop/soda with your lunch but drinking water is 100 times better for you and you will notice that. Go crazy with your water consumption while you're at the dining hall and your body will thank you!!!

In order to eat healthy at the dining hall, you have to try. Healthy options aren't going to be available for you right as you walk in the door. But if you look around, the healthy options are there! It might be hard to transition but there's nothing better you could do for your body than filling it with nutritious foods!!!

Cover Image Credit: Wikimedia Commons

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You Know You Go To Rowan When You Can Relate To These 20 Things

7. Parking does NOT exist.
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Rowan University: the place I get to call my second home. It really is a great place to be but, like all places, it has some flaws we all notice. Some of these things are bothersome and annoying. Attention Rowan students: this one is for you. When you relate to these 20 things, you know you're a Rowan student/alumni for sure.

1. It's never sunny, ever.

There is only a very rare time when the sun is out in Glassboro, let's be honest here. Any other time, it's raining/hailing/storming/snowing.

2. The SCCA hosts the best events on campus.

As an employee and member of the SCCA, I can tell you this is 100% true. Weekends are never boring for anyone here at Rowan.

3. Noah Weinstein greets you at least once every single day.

He's the best and he can make your day! Can we make Noah the mascot of Rowan and retire the Prof? What is a Prof, anyway?

4. The campus food tastes crappy and leaves your stomach in knots.

Stomach bug? Rowan plague? No, it's probably just the cafeteria food. It'll pass. Be strong, young ones.

5. It's also windy... VERY WINDY.

Forget about doing your hair. It's going to get whirled around in the Rowan wind tunnel. Also, in the winter, the wind is almost impossible to cope with. You will legit freeze your butt off and your face will hurt.

6. The fire alarms are neverending.

When I lived in an apartment last year, the fire alarm went off every day at odd hours. Ever since I've lived in an actual house, the fire alarm rarely goes off. So it depends on your fate, sorry. You're either lucky or you're not.

7. Parking does NOT exist.

Talking about you, commuters. Even in the biggest lot on campus, you can never find a spot. Instead of making space for parking, we build buildings!

8. You hear Bunce clocktower sing every day, so you always know what time it is.

I don't know how I'd survive, really.

9. Pizza Hut, Domino's Pizza, and Cookie Munchers save you, even at the oddest hour.

I crave warm giant cookies at 2 A.M. Yes, I have a problem. Why does pizza taste better when the sun goes down? These places understand us; they get it. They're our heroes.

10. Landmark is your party destination.

The party people go there to hang at the bar every weekend... I just love their burgers. Define "party".

11. Trains... all the time.

There is a railroad that runs alongside the outskirts of Rowan's campus, and a train steams by every once in a while. Loud and shaky, so Spongebob describes you right now. PLUS it holds up the already busy traffic.

12. Classes are never canceled unless it's the zombie apocalypse.

A foot of snow? That's nothing. The sky is falling? We still have class.

13. Why is everything so expensive?

How is a tiny container of mac 'n cheese nearly $7? Why is a tiny box of cereal close to $6? Why is that okay? If you do not have a meal plan, STAY AWAY from on-campus anything, unless you have Rowan Bucks.

14. Traffic, traffic, TRAFFIC!

The best time to get anywhere is before 8 A.M. and after 8 P.M. I hate to break it to you. 322 is full of standstills and angry drivers; you don't win in this situation.

15. The WiFi crashes every day.

Be prepared to use some of your cellular data because Rowan's internet is never reliable. Don't expect to get work done, either. Remember the blackout last year?

16. You survive off of your Rowan Bucks.

Only if you have a meal plan! Take advantage of your Rowan Bucks because they go quicker than you think!

17. The laundry rooms are SO far away from your dorm/apartment.

No need to go to the gym because you have to walk a thousand miles to get to a washer and dryer. Not to mention that your 2 months worth of laundry is a hundred pounds.

18. Every building is a sauna, whether it's hot or cold outside.

The heat is on ALL YEAR, I swear. There is no such thing as air conditioning.

19. 322 does NOT scare you.

Nah, you can play hopscotch in the crosswalks and still not get hit by a car.

20. You pay WAY too much for housing when the housing is less than decently kept.

I can't tell you the exact amount of work orders my roommates and I have submitted for our house. It's painful.

#GoProfs!

Cover Image Credit: Alyssa Paluch

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